(A) The following deeds shall be exempt from the tax levied by § 35.100:
(1) Deeds to or current trust documents relating to 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 by or from any corporation, society, association, foundation or institution organized and operated exclusively for charitable, religious or education purposes; except deeds or trust documents, other than those in which the Administrators of Veterans Affairs of the United States is the grantee pursuant to a foreclosure proceeding, shall not be exempt from filing the declaration;
(2) Deeds or trust documents which secure debt or other obligation;
(3) Deeds or trust documents which, without additional consideration, confirm, correct, modify or supplement a deed previously recorded;
(4) Deeds or trust documents where the actual consideration is less than $100;
(5) Tax deeds;
(6) Deeds or trust documents of release of property which is security for a debt or other obligation;
(7) Deeds of partition;
(8) Deeds or trust documents made pursuant to mergers, consolidations or transfers or sales of substantially all the assets of corporations pursuant to plans of reorganization;
(9) Deeds or trust documents made by a subsidiary corporation to its parent corporation for no consideration other than the cancellation or surrender of the subsidiary’s stock;
(10) Deeds wherein there is an actual exchange of real estate and trust documents wherein there is an actual exchange of beneficial interests, except the money difference or money’s worth paid from one to the other shall not be exempt from the tax;
(11) Deeds representing transfers subject to the imposition of a documentary stamp tax imposed by the government of the United States, except the deeds shall not be exempt from filing the declaration; and
(12) Deeds issued to a holder of a mortgage, as defined in the ILCS Ch. 735, Act 5, § 15-1207, pursuant to a mortgage foreclosure proceeding or pursuant to a transfer in lieu of foreclosure.
(B) Every deed which is tax exempt pursuant to this section shall be presented to the Clerk so as to be appropriately marked by the Village Treasurer as an exempt deed eligible for recordation without the payment of tax. When a deed is presented the Clerk, a certificate setting forth the facts which justify the exemption of the deed must also be presented. The certificate shall be executed on behalf of either the grantor or grantee, and shall be on a form provided by the Clerk.
(Prior Code, § 35.059) (Ord. 87-4, passed 6-22-1987)