Instructions For Form Op-236i - Real Estate Conveyance Tax Return Page 2
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1
2Types of Exempt Conveyances
11 The instrument conveys property between affiliated
corporations, provided both corporations are exempt from
Enter on Line 22b.
taxation under paragraph (2), (3), or (25) of section 501(c) of
Code #
the Internal Revenue Code of the United States.
01 The instrument is one the State of Connecticut is prohibited
12 The instrument conveys the principal residence of a grantor
from taxing by the laws or Constitution of the United States.
who: (1) is approved for property tax assistance under Conn.
Enter citation to specific statutory or constitutional provision on
Gen. Stat. §12-129b or §12-170aa for the current property
Line 22c.
tax assessment year; or (2) was approved for assistance in
02 The instrument secures a debt or other obligation. (Example:
a property tax assessment year ending 15 months earlier or
mortgage deed)
less. Such an instrument is not exempt from the municipal
real estate conveyance tax. The estate of a deceased person
03 The State of Connecticut or a Connecticut political
formerly approved for property tax assistance may not claim
subdivision is either the grantor or grantee of this instrument.
this exemption.
04 The instrument is a tax deed.
13 The instrument conveys property located in an area
05 The instrument is a deed or release of property that is security
designated in accordance with Conn. Gen. Stat. §32-70 as
for a debt or other obligation. Such instruments do not
an enterprise zone or an enterprise corridor zone. Such an
include a deed in lieu of foreclosure.
instrument is not exempt from the municipal real estate
06 The instrument is a deed of partition (other than a decree of
conveyance tax.
the Superior Court under Conn. Gen. Stat. §52-495).
14 The instrument conveys property from a corporation
07 The instrument is a deed under a statutory merger or
determined by the Internal Revenue Service to be a
consolidation of corporations. The controlling interest
corporation described in 26 U.S.C. §501(c)(3) to another
transfer tax may apply.
corporation determined by the Internal Revenue Service to
be a corporation described in 26 U.S.C. 501(c)(3).
08 The instrument is a deed made by a subsidiary corporation
to its parent corporation for no consideration (including no
15 The instrument conveys property in connection with the
assumption of liabilities of the subsidiary corporation) other
reorganization of a mutual savings bank or mutual savings
than the cancellation or surrender of the subsidiary
and loan association under sections 36a-192 to 36a-198, as
corporation’s stock.
provided in Conn. Gen. Stat. §36a-199.
09 The instrument conveys property under decree of the
16 The instrument conveys property to any nonprofit
Superior Court as the result of:
organization organized for the purpose of holding
undeveloped land in trust for conservation or recreation
A. An annulment, dissolved marriage, or legal separation
purposes.
under Conn. Gen. Stat. §46b-81. Real estate conveyance
tax returns are not required with the recording of
17 The instrument conveys property between spouses, for
Certificates by Decree;
consideration, and the consideration was $2,000 or more.
B. Foreclosure by a decree of sale under Conn. Gen. Stat.
18 The instrument conveys property located in a designated
§49-24. On Line 4, enter the delinquent mortgagor’s
entertainment district. Such an instrument is not exempt
name, followed by the court representative’s name and
from the municipal real estate conveyance tax.
title (Committee); on Line 5, enter the delinquent
19 The instrument conveys land to a water company, as defined
mortgagor’s Social Security Number or Federal
in Conn. Gen. Stat. §16-1, provided after the transfer the
Employer Identification Number, whichever is applicable;
land is classified as Class I or Class II land, as defined in
and on Lines 6 and 7, enter the court representative’s
Conn. Gen. Stat. §25-37c.
mailing address; or
20 The instrument conveys property to effectuate a mere change
C. Partition of joint and common estates under Conn. Gen.
of identity or form of ownership or organization where there
Stat. §52-495.
is no change in beneficial ownership.
Enter docket number on Line 22c.
10 The instrument conveys residential property no later than
six months after the date on which the property was
previously conveyed to a transferor that is either: 1) an
employer that acquired the property from an employee under
an employee relocation plan; or 2) an entity in the business
of purchasing and selling residential property of employees
who are being relocated.
OP-236I Back (Rev. 07/07)
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