For the purpose of application of the property taxation and documentary transfer tax provisions of the Revenue and Taxation Code:
(a) Execution and recordation of, or revocation of, a revocable transfer on death deed of real property is not a change in ownership of the property and does not require declaration or payment of a documentary transfer tax or filing of a preliminary change of ownership report.
(b) Transfer of real property on the death of the transferor by a revocable transfer on death deed is a change in ownership of the property.
(Added by Stats. 2015, Ch. 293, Sec. 17. (AB 139) Effective January 1, 2016. Repealed as of January 1, 2022, pursuant to Section 5600.)