§ 4.08.110. Credit against county tax.

If the legislative body of any city (within the county) imposes a city documentary transfer tax pursuant to Part 6.7 equal to one-half the amount specified in section 4.08.030 of this chapter, the county shall grant a credit against the county documentary transfer tax in the amount of the city tax if the city's tax conforms to Part 6.7. The county shall collect all taxes imposed pursuant to Part 6.7.

On or before the fifteenth day of each month, the recorder shall report to the county auditor-controller the amount of taxes collected during the preceding month pursuant to this chapter and each city documentary transfer tax ordinance. The county auditor-controller shall allocate and distribute monthly the taxes collected as follows:

A.

All money which relates to transfers of real property located in unincorporated areas of the county shall be allocated to the county.

B.

All money which relates to transfers of real property located in a city which imposes a tax on transfers of real property pursuant to Part 6.7 shall be allocated one-half to the city and one-half to the county.

C.

All money which relates to transfers of real property located in a city which imposes a tax on transfers of real property not in conformity with Part 6.7 shall not be credited against the county tax and the entire amount collected by the county shall be allocated entirely to the county.

D.

All money which relates to transfers of real property in a city which does not impose a tax on transfers of real property shall be allocated entirely to the county.

(Ord. No. 516.4, § 1(11), 2-4-2014)