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News & Press: Sacramento Report

Elimination of Withholding on Real Property Sales

Tuesday, March 21, 2017  
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Senate Bill 353 (Stone) proposes to eliminate the current 33 1/3 withholding of the sales proceeds by a transferee on California real property sold by certain out of state sellers. The law was originally intended to insure that out of state persons and entities paid California taxes.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851