D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 9. TAXATION AND ASSESSMENTS |
Chapter 9-5. TAX ON RECORDATION OF DEEDS |
Section 9-523. MISCELLANEOUS
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523.1A transfer of a controlling interest from one (1) entity to another in which there is no change in ultimate ownership interest shall not be subject to the Recordation of Economic Interests Act.
523.2New stock certificates issued to owners of record of a corporation based solely on a change in the name of the corporation shall not be subject to the recordation tax.
523.3The transfer of a controlling interest by a corporation to its wholly-owned subsidiary, from a wholly-owned subsidiary to its parent, or from one wholly- owned subsidiary to another shall be considered a change of identity and not subject to the Recordation of Economic Interests Act.
523.4The exclusion of a transfer from recordation under the Recordation of Economic Interests Act shall not prevent the same transfer from being subject to taxation under any other Act or rule of law.