Section 9-512. RECORDATION OF REVOCABLE TRUST DEEDS

 

512.1The following deeds shall be exempt from the tax imposed by the Act:  (a) a deed by a transferor that conveys bare legal title to the trustee of a revocable trust, without consideration for the transfer, where the transferor is the beneficiary of the trust; (b) a deed to property transferred to a beneficiary of a revocable trust as the result of the death of the grantor of the revocable trust; and (c) a deed to property transferred by the trustee of a revocable trust if the transfer would otherwise be exempt under § 302 of the Act (D.C. Official Code § 42-1102) if made by the grantor of the revocable trust.

 

 

authority

Section 317 of the District of Columbia Deed Recordation Tax Act of 1962, approved March 2, 1962, as amended (76 Stat. 11; D.C. Official Code § 42-1117 (2012 Repl.)); Section 2(c)(3) of the District of Columbia Recordation of Economic Interests in Real Property Tax Amendment Act of 1989, effective September 9, 1989 (D.C. Law 8-20; 36 DCR 4564 (June 30, 1989)); Section 201(a) of the 2005 District of Columbia Omnibus Authorization Act, approved October 16, 2006 (120 Stat. 2019; Pub.L. 109-356, D.C. Official Code § 1-102.24d (2012 Repl.)); and the Office of the Chief Financial Officer Financial Management and Control Order No. 00-5, effective June 7, 2000.

source

Final Rulemaking published at 32 DCR 327 (January 18, 1985); as amended Final Rulemaking published at 54 DCR 10644 (November 2, 2007); as amended by Final Rulemaking published at 61 DCR 4717 (May 9, 2014).