HARRY HUGHES, Governor                                  1917

The Public Local Laws of Prince George's County
Section 10-187

Article 17 — Public Local Laws of Maryland
(1975 Edition, as amended)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Code of Public Local Laws
of Maryland be repealed, amended, or enacted to read as
follows:

Article 17 — Prince George's County

10-187.

(A)   [The] EXCEPT AS PROVIDED IN SUBSECTION (B), THE
Council is authorized and empowered to impose a tax, at a
rate not to exceed one percent (1%) of the actual
consideration paid or to be paid under every instrument of
writing conveying title to real property, or any interest
therein, in the County, offered for record and recorded in
the County, provided that conveyances to the State or any
agency thereof or any political Subdivision of the State,
shall not be subject to the tax imposed by this Section.
The term "instrument of writing" shall include deeds,
mortgages, deeds of trust, leases, contracts and agreements,
but shall not include purchase money mortgages, purchase
money deeds of trust, assignments of mortgages or releases,
provided, however, upon any refinancing of property, by the
original mortgagor or mortgagors the tax shall apply only to
the consideration over and above the amount of the original
mortgage or deed of trust.

(B)   THE COUNCIL MAY NOT IMPOSE A TAX ON THE
CONSIDERATION   REPRESENTED BY THE ASSUMPTION OF A MORTGAGE OR
DEED OF TRUST   ON AN INSTRUMENT OF WRITING CONVEYING TITLE TO
REAL PROPERTY BETWEEN A HUSBAND AND WIFE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 29, 1979.

CHAPTER 686

(House Bill 1266)

AN ACT concerning

Prince George's County — Transfer Tax
PG 206-79