The following deeds shall be exempt from the provisions of this subchapter except as hereinafter provided:
(A) Deeds representing real estate transfers made before January 1, 1968, but recorded after that date.
(B) Deeds to property in which the grantee is any governmental body or deeds to property between governmental bodies, or deeds to any corporation, society, association, foundation or institution organized and operated exclusively for charitable, religious or educational purposes.
(C) Deeds which secure debt or other obligation.
(D) Deeds which, without additional consideration, confirm, correct, modify, or supplement a deed previously recorded.
(E) Deeds where the actual consideration is less than $100.
(F) Tax deeds.
(G) Deeds of release of property which is security for a debt or other obligation.
(H) Deeds of partition.
(I) Deeds made pursuant to mergers, consolidations, transfers or sales of substantially all of the assets of corporations pursuant to plans of reorganization.
(J) Deeds made by a subsidiary corporation to its parent corporation for no consideration other than the cancellation or surrender of the subsidiary's stock.
(K) Deeds evidencing an actual exchange of real estate except that the money difference or money's worth paid from one to the other shall not be exempt from the tax.
(L) Deeds representing transfers subject to the imposition of a documentary stamp tax imposed by the government of the United States, except that such deeds shall not be exempt from filing the declaration.
(M) Deeds representing transfers in which the purchase is a participant in the Illinois Home Ownership Made Easy Program (H.O.M.E.), ILCS Ch. 310, Act 55, §§ 1 et seq. and is certified to receive program benefits under ILCS Ch. 310, Act 55, § 7 (Sect. 7 of the Act).
Notwithstanding any of the other provisions of this subchapter, no revenue stamps shall be issued by the Village Clerk unless there is on file in the office of the Village Clerk a Certificate of Compliance as required by Ordinance No. 94-639.
(Ord. 94-640, passed 10-13-1994)