WILLIAM DONALD SCHAEFER, Governor                   Ch. 327

CHAPTER 327

(Senate Bill 616)

AN ACT concerning

Code Counties - Transfer Tax -

FOR the purpose of authorizing the governing body of a code home
rule county to impose a transfer tax on certain instruments
of writing; setting a certain limit on the tax that may . be
imposed; providing for certain exemptions from the transfer
tax; providing for the construction of this Act; and
generally relating to the authority of a code home rule
county to impose a transfer tax.

BY adding to

Article - Tax - Property
Section 13-402.1
Annotated Code of Maryland
(1986 Volume and 1987 Supplement)

Preamble

WHEREAS, Article XI-F, § 9 of the Maryland Constitution
requires that authorization for a code county to impose a tax,
other than property tax, be enacted by a general law of the
General Assembly that in its terms and effect applies alike to
all code counties; and

WHEREAS, Kent County, one of the four existing code counties
in the State, has authority in the county's Code of Public Local
Laws for a transfer tax that was enacted before Kent County
became a code county; and

WHEREAS, At least one other code county has requested
authority to impose a transfer tax; now, therefore,

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Tax - Property

13-402.1.

(A) THE GOVERNING BODY OF A COUNTY THAT HAS ADOPTED HOME
RULE POWERS UNDER ARTICLE XI-F OF THE CONSTITUTION MAY IMPOSE A
TRANSFER TAX ON AN INSTRUMENT OF WRITING:

(1) RECORDED WITH THE CLERK OF THE CIRCUIT COURT FOR
THE COUNTY; OR

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