4484

LAWS OF MARYLAND

Ch. 820

which are filed and offered for record With the Motor
Vehicle Administration, except for liens or encumbrances
upon vessels which are filed and offered for record with the
Department of Natural Resources, provided that conveyances
to the State or any agency thereof or any political
subdivision of the State shall not be subject to the tax or
charge imposed by this section.

(u) The rate of tax applicable to instruments recorded
with the clerk of the [Superior Court of] CIRCUIT COURT FOR
Baltimore City and with the clerk of the Circuit Court of
Montgomery County shall be as follows:

In the case of instruments conveying title to property,
the tax shall be at the rate of $2.20 for each $500 or
fractional part thereof of the actual consideration paid or
to be paid; in the case of instruments securing a debt, the
tax shall be at the rate of $2.20 for each $500 of the
principal amount of the debt secured.

278.

(a) 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 cancelled. The Comptroller shall supply to the clerks
of the circuit courts [of the respective counties 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 recordation
of instruments conveying title to or creating liens or
encumbrances upon real or personal property which is
situated in two or more counties or in the City of Baltimore
and one or more counties the tax shall be paid in each
county or the City of Baltimore according to the applicable
rate of tax therein notwithstanding the provisions of § 277
(j) based upon such value as the value of the property
situate in the county or city bears to the whole
consideration represented by such instrument and the revenue
therefrom shall be accounted for and paid to each such
county or city. It shall be the duty of any person
offering for recordation an instrument conveying title to or
creating liens or encumbrances upon real or personal
property which is situated in two or more counties or in the
city and one or more counties to furnish to the clerk of
the court a certification showing the basis for such
apportionment of value between or among the several counties
or the city; a county transfer tax, for the purposes of this
section, shall be apportioned as a recordation tax and (ii)