Untitled California Attorney General Opinion

TO BE PUBLISHED IN THE OFFICIAL REPORTS OFFICE OF THE ATTORNEY GENERAL State of California BILL LOCKYER Attorney General : OPINION : No. 98-1203 : of : March 26, 1999 : BILL LOCKYER : Attorney General : : GREGORY L. GONOT : Deputy Attorney General : : THE HONORABLE WESLEY CHESBRO, MEMBER OF THE CALIFORNIA STATE SENATE, has requested an opinion on the following question: Does the documentary transfer tax apply to the transfer of real property from a parent corporation to a wholly-owned subsidiary corporation? CONCLUSION The documentary transfer tax does not apply to the transfer of real…