3.12.040   Exemptions.
The tax imposed pursuant to this chapter shall not apply to:
A.   Instruments given to secure a debt (Revenue and Taxation Code Section 11921);
B.   Instruments of the United States or agencies or instrumentalities thereof (Revenue and Taxation Code Section 11922);
C.   Conveyances under reorganization or adjustment plans (Revenue and Taxation Code Section 11923);
D.   Conveyances under order of Securities and Exchange Commission (Revenue and Taxation Code Section 11924);
E.   Transfers of certain partnership property (Revenue and Taxation Code Section 11925);
F.   Instruments taken in lieu of foreclosure (Revenue and Taxation Code Section 11926);
G.   Deed, instrument or other writing which purports to transfer, divide or allocate property assets between spouses under judgment of dissolution or marriage, separation or agreement in contemplation of judgment or order (Revenue and Taxation Code Section 11927);
H.   Deed, instrument or other writing for conveyance of realty by state or political subdivision or agency with agreement for purchaser to reconvey (Revenue and Taxation Code Section 11928);
I.   Deed, instrument or other writing for conveyance by state, political subdivision or agency of realty financed by obligations issued by nonprofit corporation. (Revenue and Taxation Code Section 11929);
As these sections of the Revenue and Taxation Code may be from time to time amended. (Ord. 157 § 5, 1996; Ord. 10 § 4, 1989)