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AGO Opinions with Topic: OPTIONS TO PURCHASE ENTERED PRIOR TO TAX
AGO 1951 No. 100 >  August 3, 1951
TAXATION - REAL ESTATE SALES TAX - OPTIONS TO PURCHASE ENTERED PRIOR TO TAX
TAXATION ‑- REAL ESTATE SALES TAX ‑- OPTIONS TO PURCHASE ENTERED PRIOR TO TAX An option to purchase real estate does not amount to a contract to convey land.  In consequence, a conveyance of real property after the effective date of the ordinance imposing the Real Estate Sales Tax is subject to that tax, not being entitled to the exemption granted to transfers in compliance with contracts to convey entered prior to the effective date of such ordinance.
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