District of Columbia Statutes

§ 42-202 — Exemption from recordation and transfer tax.

District of Columbia·Title 42 Real Property.·Ch. 2 Conservation Easements.
(1)Except as otherwise provided in this chapter, a conservation easement may be created, conveyed, recorded, assigned, released, modified, terminated, or otherwise altered or affected in the same manner as other easements, provided that the recordation of any conservation easement as defined in § 42-201 , or of any assignment, release, modification, termination, or other alteration of a conservation easement shall be exempt from the recordation tax imposed by § 42-1103 , and from the transfer tax imposed by § 47-903 .
(2)The exemption provided for in paragraph (1) of this subsection shall not apply if the consideration for the conservation easement exceeds $100 in value.
(b)No right or duty in favor of or against a person having a third-party right of enforcement arises under a co

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Legislative History

May 16, 1986, D.C. Law 6-113, § 3, 33 DCR 1996; Apr. 30, 1988, D.C. Law 7-104, § 25, 35 DCR 147

Nearby Sections

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