Exemptions securities and exchange commission orders.
San José Municipal Code § 4.59.080
in effect4.59.080 - Exemptions securities and exchange commission orders.
Any tax imposed pursuant to this Chapter shall not apply to the making or delivery of transfers to make effective any order of the Securities and Exchange Commission, as defined in Subdivision (a) of Section 1083 of the Internal Revenue Code of 1954; but only if:
A. The order of the Securities and Exchange Commission in obedience to which such transfer is made recites that such transfer is necessary or appropriate to effectuate the provisions of Section 79k of Title 15 of the United States Code, relating to the Public Utility Holding Company Act of 1935;
B. Such order specifies the property which is ordered to be transferred;
C. Such transfer is made in obedience to such order.
(Res. 79325.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT4REFIBUTA_CH4.59REPRTRTA_4.59.080EXSEEXCOORFetched: 11/1/2026