HARRY HUGHES, Governor

3967

(3) the legal authority for the tax.

[(e)](D)(1) The Department shall:

(i) collect the county transfer tax imposed
under subsection (b) of this section; and

(ii) remit the tax collected promptly to the
Comptroller.

(2) From the revenue received, the Comptroller shall:

(i) deduct the cost to the Department of

collecting the county transfer tax under this section; and

(ii) distribute the remainder of the revenue to
the county in which the property that is transferred is located.

[(f)](E)(1) Articles of transfer that are subject to a
county transfer tax under this section also may be taxable under
§ 12-102, § 13-202, or § 13-302 of this article.

(2) Before a transfer of title may be made under
articles of transfer for any property for which a property
certificate is required under § 3-112 of the Corporations and
Associations Article, the county transfer tax shall be paid.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Tax - Property

13-404.

(a)  Except as provided under [subsections (b) and (f)]
SUBSECTION (F) (B) of this section, the Department shall collect
county transfer tax at the rate set by each county for articles
of transfer filed with the Department as required by § 3-107 of
the Corporations and Associations Article.

(b)  Articles of transfer are not subject to county transfer
tax if the articles of transfer are for:

(1) a transfer of real property between a parent

corporation and its subsidiary corporation or between 2 or more

subsidiary corporations wholly owned by the same parent
corporation for:

(i) no consideration;

(ii) nominal consideration; or