RECOMMENDATION(S):
APPROVE and AUTHORIZE the County Auditor-Controller to issue a refund of overpayment of documentary transfer tax in the amount of $303.60 to SPL Express, Inc.,1486 Colorado Blvd., Los Angeles, CA, 90041 (Series # 2015-0224817).
FISCAL IMPACT:
This is a request to refund $303.60 of over-collected funds. Both the over-payment and reimbursement of documentary transfer tax are from fiscal year 2015-2016 General Fund.
BACKGROUND:
The County Clerk-Recorder received duplicate payments for documentary transfer tax. A grant deed was submitted twice for recording, so the documentary transfer tax was collected twice. Refund in the amount of $303.60 should be made to: SPL Express, Inc.,1486 Colorado Blvd., Los Angeles, CA 90041, Series # 2015-0224817.
CONSEQUENCE OF NEGATIVE ACTION:
Failure to reimburse the party would cause the company to pay more than legally required for documentary transfer tax.
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