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purchaser is a low-income homebuyer and claims the property tax homeowners' exemption as defined by <br />the California Revenue and Taxation Code on the residence. The exemption provided by this Section shall <br />be available only to the purchaser. Pursuant to Section 2-3-160 of the Municipal Code, the Finance <br />Director shall make such rules and regulations as are necessary to effectuate this Section, including a <br />definition of low-income homebuyer, as used herein, and procedures for certifying that the applicant meets <br />that definition. <br />2-3-116 Exemption —Inherited Property. <br />Any tax imposed pursuant to this Chapter shall not apply to any deed, instrument, or other writing by which <br />a person inherits a single-family residence or condominium, as those terms are defined in section 1-304 of <br />the Zoning Code. <br />2.3-117 Exemption —Charitable Donations of Property. <br />Any tax imposed pursuant to this Chapter shall not apply to any deed, instrument, or other writing by which <br />a person donates any realty to a City -licensed organization for charitable purposes pursuant to Chapter <br />4-22 of the Municipal Code, as long as the person receives no consideration in return. Pursuant to Section <br />2-3-160 of the Municipal Code, the Finance Director shall make such rules and regulations as are <br />necessary to effectuate this Section. <br />SECTION 2. The exemptions in this ordinance shall apply to any transfer of real property as of <br />January 2, 2001. <br />SECTION 3. This ordinance shall take effect thirty (30) days after adoption, and the title hereof shall be <br />published once prior to adoption. <br />Introduced by Council Member <br />to print by the following called vote: <br />Members of the Council: <br />Ayes: <br />Noes: <br />Absent: <br />Attest: <br />Gayle Petersen, City Clerk <br />on this day of , 2001 and passed <br />IL <br />