WILLIAM DONALD SCHAEFER, Governor Ch. 65

2-516.

THE FOUNDATION SHALL PROVIDE ITS APPROVAL OR
DISAPPROVAL OF AN APPLICATION BY A COUNTY FOR CERTIFICATION
UNDER § 5-408 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.

Article - Tax - Property

13-306.

(a) (1) Except in Montgomery County AND EXCEPT AS PROVIDED IN
SUBSECTION (A-l) OF THIS SECTION FOR A CERTIFIED COUNTY, each
county collector shall remit from a special account to the Comptroller, as the
Comptroller specifies:

(i) the revenue from the agricultural transfer tax that is attributable
to the taxation of instruments of writing that transfer title to parcels of land that are
entirely woodland; and

(ii) two-thirds of the balance of revenue from the agricultural land
transfer tax that remains after the remittance under item (i) of this paragraph.

(2) In Montgomery County, if § 52-21 (d) (1979) of the Montgomery
County Code is in effect or a transfer tax substantially similar to that provision is in
effect, the collector for Montgomery County shall remit to the Comptroller:

(i) the revenue from the agricultural transfer tax that is attributable
to the taxation of instruments of writing that transfer title to parcels of land that are
entirely woodland; and

(ii) one-third of the balance of revenue from the agricultural transfer
tax that remains after the remittance under item (i) of this paragraph.

(3) The Comptroller shall deposit:

(i) up to $200,000 annually of the revenue remitted under
paragraphs (l)(i) and (2)(i) of this subsection OR SUBSECTION (A-l) OF THIS
SECTION into the Woodland Incentives Fund established in § 5-307 of the Natural
Resources Article; and

(ii) the revenue in excess of $200,000 annually remitted under
paragraphs (l)(i) and (2)(i) of this subsection OR SUBSECTION (A-l)(l) OF THIS
SECTION and the revenue remitted under paragraphs (l)(ii) and (2)(ii) OF THIS
SUBSECTION OR SUBSECTION (A-l)(2) OF THIS SECTION into the Maryland
Agricultural Land Preservation Fund to be used for the purposes stated in § 2-505 of
the Agriculture Article.

(A-l) IF A COUNTY IS CERTIFIED BY THE OFFICE OF PLANNING AND
THE MARYLAND AGRICULTURAL LAND PRESERVATION FOUNDATION
UNDER § 5-408 OF THE STATE FINANCE AND PROCUREMENT ARTICLE AS
HAVING ESTABLISHED AN EFFECTIVE COUNTY AGRICULTURAL LAND

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