J. MILLARD TAWES, GOVERNOR                               171

Commissioners [of Wicomico County] in monthly installments for
every year he or she may serve as such deputy, or pro rata for a
part thereof.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1961.

Approved March 23, 1961.

CHAPTER 180
(House Bill 333)

AN ACT to add new Section 2-108A to the Montgomery County
Code 1955 (being Article 16 of the Code of Public Local Laws
of Maryland), title "Montgomery County", sub-title "Part 2. Gen-
eral Local Laws", sub-heading "Chapter 2. Administration.,
Article XII. Finance and Taxation., Division 3. Taxation Gen-
erally.", said new section to follow immediately after Section
2-108; to empower and authorize the County Council for Mont-
gomery County to levy and collect a tax on the transfer of fee
simple interests and certain leasehold interests in real property
in Montgomery County, with certain specified exceptions, at a rate
not to exceed one percent of the value of the consideration for
such transfer.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 2-108A be and it is hereby added to the Montgomery
County Code 1955 (being Article 16 of the Code of Public Local
Laws of Maryland), title "Montgomery County", sub-title "Part 2.
General Local Laws", sub-heading "Chapter 2. Administration.,
Article XII. Finance and Taxation., Division 3. Taxation Generally.",
said new section to follow immediately after Section 2-108, and to
read as follows:

2-108A.

(a)  The County Council for Montgomery County is empowered
and authorized to levy and impose by resolution or ordinance a tax
to be paid and collected on the transfer in Montgomery County of
any fee simple interest in real property, except by way of mortgage,
deed of trust, or deed of trust for the benefit of creditors, and on the
transfer of any leasehold interest in real property, where such lease
contains a covenant for perpetual renewal, at a rate not to exceed
one percent of the value of the consideration for such transfer.

(b)  No transfer of any interest in such property shall be taxed
hereunder where the transfer is to any nonprofit, hospital, religious
or charitable organization, association or corporation, nor to any
municipal, county or state government, or instrumentalities, agencies
or political subdivisions thereof.

(c)   No tax levied pursuant to this section shall apply to transfers
pursuant to contracts or agreements entered into prior to the effective
date of such tax.