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f. <br />lrt <br />�.4 <br />§105-228.29 CH. 105. TAXATION <br />OPINIONS OF ATTORNEY GENERA1�.' <br />Excise Stamp Tax Not Applicable tality. --- See opinion_of;E <br />in Foreclosure Sale When Purchaser eral to Mr. Austin C.: - <br />)1L�vi <br />Is Federal Government Instrumen- N.C.A.G. 714 (1972),1:; <br />=, Yc <br />§ 105 - 228.29. Conveyances excluded.. <br />The provisions of this Article shall not apply to trap <br />interest.in real estate by operation of law, by.lease�f& <br />years, by or .pursuant to the provisions of a. will, by.,in <br />gift, by merger or consolidation, or by instruments secui <br />edness, or any other transfer where no consideration ins: <br />money is due or paid by the transferee to transferor: (19f <br />_ � ,•ti: <br />OPINIONS OF ATTORNEY GENERAL `�a <br />"Consideration" Includes Ex- <br />cbange of Real Property. --- See opin- <br />ion of Attorney General to Mr. W.G. <br />Massey, 41 N.C.A.G. 480 (1971). <br />Secretary's Deed Not by Operation <br />of Law. — See opinion of Attorney Gen- <br />eral to Patsy Thomas, Caldwell County <br />Register of Deeds, 41 N.C.A.G. 204 <br />(1971). <br />Husband -Wife Conveyances upon <br />Separation Subject to Excise Stamp <br />Tax. — See opinion of Attorney General <br />to Mr. Mark Stuart, Guilford County <br />Register of Deeds, 41 N.C.A.G. 237 <br />(1971). <br />Sale of Real Property by the <br />Trustee of a Deed of Trust to the <br />Creditor of the Deed of Trust for the <br />Amount Owed by the Debtor Is a <br />Sale for Consideration and Is Sub- <br />ject to Tax. — See opinion of Attorney <br />General to Mrs. Julia E. Manning, 41 <br />N.C.A.G. 837 (1972). <br />V1 <br />Excise Stamp Tax Ngt A0, <br />in Foreclosure Sale W>ieix�i <br />Is Federal Govern ii naQW <br />tality. — See opinion of JX <br />eral to Mr. Austin.: C.',,.. ii <br />N.C.A.G. 714 (1972). �• <br />Conveyance by an Indi <br />His Wholly -Owned Corpora <br />"Business Convenience . ,-an4 <br />out Consideration" Is Not Si <br />the Excise Stamp Tax. on <br />ances. — See opinion of Attor <br />eral to Mrs. Lois C. LeRay, 43i <br />79 (1973). <br />Conveyance of Interest,J <br />for Term of Years Is Not. Si' <br />Real Estate Excise �. Staixipg <br />Conveyances. — See opinion': <br />ney General to Mr. Lucius M.� <br />County Attorney, Orange` -'C6 <br />N.C.A.G. 364 (1974):.: ; <br />._m <br />§ 105 - 228.30. Imposition of excise stamp <br />tax <br />There is hereby levied an excise tax on each deed, instrumi <br />writing by which any lands, tenements or other realty sh: <br />granted, assigned or otherwise conveyed to, or vested in,: t <br />chaser or purchasers, or any other person or persons. The`.t <br />posed hereby shall be at the rate of fifty cents (50¢) on- earl <br />hundred dollars ($500.00) or fractional part thereof of the co> <br />ation or value of the interest or property conveyed (exclusive'' <br />value of any lien or encumbrance remaining thereon at the ji <br />sale). The tax hereby imposed and levied shall be paid by theV <br />feror or transferors to the county wherein the real estate is kt <br />prior to recording the instrument of conveyance; pxovided;,tl <br />the instrument transfers any parcel of real estate lying•.in't <br />more counties, the tax shall be paid to the county wherei <br />greater part of the real estate with respect to value lies. Exc <br />474 <br />