1340

LAWS OF MARYLAND

Ch. 410

around a dwelling house that is not entitled to a farm
assessment; and deleting reference to local subdivision
regulations as a determinative factor as to what
constitutes a subdivision.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 19(b)(2)(A)(iii)

Annotated Code of Maryland

(1975 Replacement Volume and 1979 Supplement)

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be repealed, amended, or enacted to read as follows:

Article 81 - Revenue and Taxes

19.

(b) (2) (A) The following lands are not subject to the
provisions of paragraph (1):

(iii) Land subdivided into lots or
parcels after July 1, 1972, does not qualify under paragraph
(1), from and after the first day of the taxable year in
which the subdivision occurs; provided, however, that,
except for the dwelling house and [a one-acre curtilage]
HOMESITE which shall be assessed at fair market value, no
parcel of 20 acres or more conveyed to another party[, which
conveyance is deemed a subdivision under the provisions of
local law,] shall be disqualified solely as a result of that
[subdivision] CONVEYANCE. FOR THE PURPOSES OF THIS SECTION
"HOMESITE" IS DEFINED AS THAT AREA OF LAND REASONABLY
RELATED TO THE DWELLING. The following subdivided land is
not disqualified under the provisions of this subparagraph
(iii):

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 6, 1980.

CHAPTER 411
(House Bill 706)
AN ACT concerning

Unsecured Loans - Financial Information