1202                            LAWS OF MARYLAND                      CH. 611

Sec. 3. And be it further enacted, That this Act shall take effect
June 1, 1968.

Approved May 7, 1968

CHAPTER 611

(Senate Bill 691)

AN ACT to repeal and re-enact, with amendments, Sections 277 (p)
and 278 of Article 81 of the Annotated Code of Maryland (1965
Replacement Volume), title "Revenue and Taxes," subtitle "Re-
cordation Tax," to impose an additional tax applicable within
Queen Anne's County to instruments recorded with the Clerk of
the Court for the county and to provide for the disposition of the
proceeds from the additional tax.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 277 (p) and 278 of Article 81 of the Annotated Code
of Maryland (1965 Replacement Volume), title "Revenue and Taxes,"
subtitle "Recordation Tax," be and they are hereby repealed and
re-enacted, with amendments, to read as follows:

277.

(p) Notwithstanding the provisions of this section, the County
Commissioners of Queen Anne's County in lieu of the rate of tax
provided in subsection (b) above, are authorized by resolution to
adopt a rate of tax as follows: In the case of instruments conveying
title to property, the tax shall be at the rate of $1.10 for each $500.00
or fractional part thereof of the actual consideration paid or to be
paid; and in the case of instruments securing a debt, the tax shall be
at the rate of $1.10 for each $500.00 of the principal amount of the
debt secured. Immediately upon taking any such action, the County
Commissioners of Queen Anne's County shall certify such action to
the clerk of the Circuit Court of Queen Anne's County and to the
State Comptroller [.]; and after May 1, 1968, an additional tax on
such instruments shall be imposed at the rate of 55¢ OF EACH
$500.00 or fractional part thereof of actual consideration or debt
secured.

278.

No instrument subject to the tax imposed by this subtitle, shall
be received for record by any clerk of the court unless and until a
stamp is affixed to said instrument and canceled. The Comptroller
shall supply to the clerks of the circuit courts of the respective coun-
ties or the clerk of the Superior Court of Baltimore City, stamps to
evidence the payment of said tax, for sale to persons offering such
instruments for record, under such rules and regulations as the
Comptroller may prescribe. The proceeds from the sale of said
stamps, together with the recordation charges herein provided, shall
be accounted for and paid over to the County Commissioners of the
county or the Mayor and City Council of Baltimore in which the tax
is collected; provided, however, that (i) in the case of the recorda-