HARRY HUGHES, Governor

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5-307.

(A)  THERE IS A SPECIAL FUND KNOWN AS THE WOODLAND
INCENTIVES FUND.

(B)  THE WOODLAND INCENTIVES FUND SHALL CONSIST OF:

(1)  AS PROVIDED IN § 13-306 OF THE TAX - PROPERTY
ARTICLE, UP TO $200,000 ANNUALLY OF THE PROCEEDS OF THE TAX
IMPOSED BY § 13-302 OF THE TAX - PROPERTY ARTICLE THAT ARE
ATTRIBUTABLE TO THE TAXATION OF INSTRUMENTS OF WRITING THAT
TRANSFER TITLE TO PARCELS OF LAND THAT ARE ENTIRELY WOODLAND; AND

(2)  REVENUES COLLECTED BY THE DEPARTMENT FROM THE
PAYMENT OF CHARGES IMPOSED FOR DEPARTMENT ASSISTANCE IN
IMPLEMENTATION OF AN APPROVED PRACTICE.

(C)  THE DEPARTMENT SHALL USE THE WOODLAND INCENTIVES FUND?

(1) TO HELP DEFRAY THE EXPENSES INCURRED IN

ADMINISTERING THIS SUBTITLE; AND

(2) TO HELP FUND THE WOODLAND INCENTIVES PROGRAM AND
THE COST-SHARE ASSISTANCE PROVIDED FOR IN THIS SUBTITLE.

(D)  ANY UNEXPENDED FUNDS REMAINING IN THE WOODLAND
INCENTIVES FUND AT THE END OF THE FISCAL YEAR MAY NOT REVERT TO
THE GENERAL FUND OF THE STATE.

Article - Tax - Property

13-306.

(a) (1) Except in Montgomery County, each county collector
shall remit from a special account to the Comptroller, as the
Comptroller specifies[,]:

(I)  THE REVENUE FROM THE AGRICULTURAL TRANSFER
TAX THAT IS ATTRIBUTABLE TO THE TAXATION OF INSTRUMENTS OF
WRITING THAT TRANSFER TITLE TO PARCELS OF LAND THAT ARE ENTIRELY
WOODLAND; AND

(II)   [two-thirds] TWO-THIRDS of the BALANCE OF
revenue from the agricultural land transfer tax THAT REMAINS
AFTER THE REMITTANCE UNDER ITEM (I) OF THIS PARAGRAPH.

(2) In Montgomery County, if § 52-21(d) (1979) of   the

Montgomery County Code is in effect or a transfer tax

substantially similar to that provision is in effect, the

collector for Montgomery County shall remit [one-third of the
revenue] to the Comptroller:

(I) THE REVENUE FROM THE AGRICULTURAL TRANSFER
TAX THAT IS ATTRIBUTABLE TO THE TAXATION OF INSTRUMENTS OF