Exemptions - Security for debt.
San José Municipal Code § 4.58.040
in effect4.58.040 - Exemptions - Security for debt.
Any tax imposed pursuant to this chapter shall not apply to any transfer made solely to secure a debt; provided, however, that nothing herein contained shall be deemed to exclude the amount of any such indebtedness from being included in the "value of the consideration," pursuant to the second paragraph of Section 4.58.100, in connection with transfers which are not made solely to secure a debt.
(Prior code § 18004.)
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_CH4.58REPRCOTA_4.58.040EXECDEFetched: 11/1/2026
