MARVIN MANDEL, Governor                             2411

Real Property Taxation — Agriculture Use

FOR the purpose of including a notice requirement to
purchasers of certain property zoned for
agricultural use of that zoning classification,
providing a penalty for failure to provide the
requisite notice and renumbering and clarifying the
language therein.

BY repealing and re—enacting, with amendments,

Article 81 - Revenue and Taxes

Section 19(b)(2)(B)

Annotated Code of Maryland

(1969 Replacement Volume and 1973 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 19(b)(2)(B) of Article 81 -
Revenue and Taxes, of the Annotated Code of Maryland
(1969 Replacement Volume and 1973 Supplement) be and it
is hereby repealed and re—enacted, with amendments, to
read as follows:

Article 81 — Revenue and Taxes
19.

(b) (2)

(B) (i) Mo land which has been assessed on the
basis of agricultural use under paragraph (1) hereof
shall be developed for nonagricultural use (other than
for residential use of the owner or his immediate family)
for a period of three years after the last day of the
most recent taxable year in which the land was assessed
on the basis of agricultural use. [; provided, however,]
HOWEVER, that [such] land may be [so] developed within
the [said] three year period upon payment to the tax
collecting authority of the subdivision in which the land
is located of an amount equal to two times the difference
between the tax (including any State property tax)
applicable to the land if assessed on its full value in
the year development is to commence and the tax
applicable to the land if assessed on the basis of the
most recent agricultural use assessment.

(II) PRIOR TO ANY [[REAL ESTATE]] SETTLEMENT
[[INTENDED TO BE]] FOR REAL PROPERTY INCLUDED WITHIN THE
PROVISIONS OF [[THE]] PARAGRAPH (B) (I), THE BUYER SHALL
BE GIVEN [[FAIR AND REASONABLE]] WRITTEN NOTICE BY THE
SELLER OR THE SELLER'S ATTORNEY, AT OR PRIOR TO THE TIME