Rev. & Tax. Code, § 11930.5

(a) Any tax imposed pursuant to this part shall not apply with respect to any deed, instrument, or other writing to make effective a tribal land return transaction.

(b) For purposes of this section, “tribal land return transaction” means a land return acquisition that transfers ownership of land to a federally recognized tribe, a nonprofit corporation chartered by a federally recognized tribe pursuant to tribal law or Section 17 of the federal Indian Reorganization Act, or a wholly owned tribal entity in fee simple and that includes restrictive covenants that prohibit that tribe from engaging in commercial activities on the land and restricts the uses to cultural, educational, recreational, or conservation purposes. For purposes of this subdivision, “wholly owned tribal entity” means an entity wholly owned by one or more Indian tribal governments, as that term is defined in Section 7701(a)(40) of Title 26 of the United States Code, that is organized or incorporated under the laws of the tribe or tribes that own the entity, or organized or incorporated under the laws of one or more of the tribes that own the entity and authorized by all of the other owning tribes.

(c) This section shall remain in effect only until January 1, 2031, and as of that date is repealed.