Exemptions plans of reorganization or adjustment.
San José Municipal Code § 4.59.070
in effect4.59.070 - Exemptions plans of reorganization or adjustment.
A. Any tax imposed pursuant to this Chapter shall not apply to the making, delivering or filing of transfers to make effective any plan of reorganization or adjustment:
1. Confirmed under the Federal Bankruptcy Act;
2. Approved in an equity receivership proceeding in a court involving a railroad corporation, as defined in Section 101 of Title 11 of the United States Code;
3. Approved in an equity receivership proceeding in a court involving a corporation, as defined in Section 101 of Title 11 of the United States Code; or
4. Whereby a mere change in identity, form or place of organization is effected.
B. Subsections 1 through 4, inclusive, of section A. shall only apply if the making, delivery or filing of instruments of transfer or conveyances occurs within five (5) years from the date of such confirmation, approval or change.
(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_4.59.070EXPLREADFetched: 11/1/2026