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Session Laws, 1977
Volume 735, Page 2046   View pdf image
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LAWS OF MARYLAND                           Ch. 327
2046
Anne Arundel County - Transfer Tax FOR the purpose of providing that the revenues derived
from the transfer tax in Anne Arundel County shall
be placed in a general fund and expended by the
County budget; and clarifying language. BY repealing and reenacting, with amendments, Article 81 — Revenue and Taxes
Section 278B Annotated Code of Maryland
(1975 Replacement Volume and 1976 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 278B of Article 81 - Revenue and
Taxes, of the Annotated Code of Maryland (1975
Replacement Volume and 1976 Supplement) be and it is
hereby repealed and reenacted, with amendments, to read
as follows; Article 81 - Revenue and Taxes 278B. The County Council of Anne Arundel County may impose
a tax on every written instrument conveying title to real
property or a leasehold interest therein, offered for
record and recorded among the land records in Anne
Arundel County subject to the same conditions and
procedures as the tax imposed under the provisions of
§278A of this article, provided that the maximum rate of
tax imposed under the provisions of this section shall
not exceed [one per centum] 1 PERCENT of the actual
consideration paid or to be paid for the conveyance of
title, AND PROVIDED THAT REVENUES DERIVED FROM THIS
COUNTY TAX SHALL BE PLACED IN THE GENERAL FUND OF THE
COUNTY TO BE EXPENDED AS PROVIDED BY THE COUNTY BUDGET.
The tax shall be collected by the clerk of the Circuit
Court for Anne Arundel County, and the clerk shall retain
1 percent of the tax so collected.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977. Approved May 17, 1977.
CHAPTER 328
(Senate Bill 544)
AN ACT concerning


 
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Session Laws, 1977
Volume 735, Page 2046   View pdf image
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