Provided that a declaration is filed pursuant to Section 19.202, the following deeds shall be exempt from the tax imposed by this subchapter:
A. Deeds representing real estate conveyances pursuant to contracts duly executed and in full force and effect on or before April 30, 1996;
B. Deeds relating to real property acquired by any governmental body or from any governmental body or deeds to or documents relating to property or interests transferred between governmental bodies; or deeds or trust documents, in which the Administrators of Veterans' Affairs of the United States of America is the grantee pursuant to a foreclosure proceeding [Note: Deeds to any corporation, society, association, foundation or institution organized and operated exclusively for charitable, religious or educational purposes and, shall not be exempt from payment of this tax.];
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 One Hundred Dollars ($100);
F. Tax deeds;
G. Deeds of release of property which is security for a debt or other obligation;
H. Deeds of partition;
J. Deeds made pursuant to mergers, consolidations, or transfers or sales of substantially all of the assets of corporations pursuant to Federally authorized plans of reorganization;
K. Deeds made by a subsidiary corporation to its parent for no consideration other than the cancellation or surrender of the subsidiary's stock;
L. Deeds wherein there is an actual exchange of real estate and trust documents wherein there is an actual exchange of beneficial interests, except that the money difference or money's worth paid from one or the other shall not be exempt from the tax;
M. Deeds representing transfers subject to the imposition of a documentary stamp imposed by the government of the United States; and/or
N. Deeds issued to a holder of a mortgage pursuant to a mortgage foreclosure proceeding or pursuant to a transfer in lieu of foreclosure.
(Ord. 328, passed 4-10-96; Am. Ord. 341, passed 5-8-96; Am. Ord. 549, passed 11-18-2005)