2554

LAWS OF MARYLAND

Ch. 682

of Article - Tax - Property of the Annotated Code of Maryland be
renumbered to be Section(s) 13-305(e), (f), and (g) (f), (g), and
(h), respectively.

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

Article - Tax - Property

13-305.

(c) (1) Except as provided in paragraph (2) of this
subsection, an instrument of writing that transfers title to 20
acres or more of agricultural land that is eligible for farm or
agricultural use assessment under § 8-209 of this article is not
subject to the agricultural land transfer tax if the transferee:

(i) files with the supervisor before the
transfer a declaration of intent to farm the agricultural land
that specifies that the transferred agricultural land will remain
in farm or agricultural use for at least 5 full consecutive
taxable years; and

(ii) applies for farm or agricultural use
assessment under § 8-209 of this article for the land that is
transferred.

(2)(1) [If] EXCEPT AS PROVIDED IN SUBPARAGRAPH (II)
OF THIS PARAGRAPH, IF there is a failure to comply with a

declaration of intent filed under paragraph (1) of this

subsection, the agricultural land transfer tax is due at the rate
determined under § 13-303(a) and (b) of this subtitle on the
instrument of writing that subsequently transfers title to the
agricultural land:

[(i)] 1. without the reduction that is

authorized under § 13-303(c) of this subtitle; or

[(ii)] 2. if property tax was paid on the basis
of an assessment other than the farm or agricultural use
assessment under § 8-209 of this article, for 5 full consecutive
taxable years from the date of failure to comply with a
declaration of intent, beginning with the 6th year the rate shall
be reduced by 1 percentage point for each full consecutive
taxable year that property tax on real property continues to be
paid on the basis of a nonagricultural use assessment.

(II) IF THERE IS A FAILURE TO COMPLY WITH A
DECLARATION OF INTENT FILED UNDER PARAGRAPH (1) OF THIS