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2005 LAWS OF MARYLAND
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Ch. 605
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(7) Notwithstanding subsection (a)(2) of this section, if a code county in
the Western Maryland class imposes a tax rate greater than 5%, the revenue
attributable to the rate greater than 5% and attributable to a hotel located in a
municipal corporation shall be distributed to the general fund of the county instead of
to the municipal corporation.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2005.
Approved May 26, 2005.
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CHAPTER 605
(House Bill 1472)
AN ACT concerning
Recordation Tax and State Transfer Tax - Exemption for Transfer to Brother
or Sister
FOR the purpose of exempting from recordation tax and State transfer tax certain
instruments of writing transferring property from a transferor to a brother or,
sister, stepbrother or stepsister; and generally relating to an exemption from
recordation tax and State transfer tax for certain instruments of writing
transferring property from a transferor to certain relatives.
BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 12-108(c)
Annotated Code of Maryland
(2001 Replacement Volume and 2004 Supplement)
BY repealing and reenacting, without amendments,
Article — Tax - Property
Section 13-207(a)(2)
Annotated Code of Maryland
(2001 Replacement Volume and 2004 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
12-108.
(c) When property is transferred subject to a mortgage or deed of trust, the
recordation tax does not apply to the principal amount of debt assumed by the
transferee, if the instrument of writing transfers the property from the transferor to
a:
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