Tax Type
Recordation Tax
Description
Permanent and Construction Mortgages
Topic
Documents Subject to Tax
Date Issued
04-08-1970
The tax on a permanent loan deed of trust or mortgage recorded within three years of the date of the recordation of the construction loan deed of trust or mortgage will not be imposed unless the principal amount of the permanent loan deed is greater than the construction loan deed, even though the construction loan deed was recorded prior to the enactment of these provisions (Ch. 313, Laws 1970, effective July 1, 1970).
Attorney General's Opinion