Ch. 715                                        1994 LAWS OF MARYLAND

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

(2)      FILED WITH THE STATE DEPARTMENT OF ASSESSMENTS AND
TAXATION.

C.       THE COUNTY TRANSFER TAX UNDER THIS SECTION:

(1)      SHALL BE ESTABLISHED BY ORDINANCE RESOLUTION; AND

(2)      MAY NOT EXCEED 1% OF THE CONSIDERATION PAYABLE FOR AN
INSTRUMENT OF WRITING.

D.       NOTWITHSTANDING § 13-407 OF THE TAX - PROPERTY ARTICLE OF THE
ANNOTATED CODE OF MARYLAND, THE COUNTY TRANSFER TAX IMPOSED UNDER
THIS SECTION SHALL APPLY TO A TRANSFER OF LAND SUBJECT TO THE
AGRICULTURAL LAND TRANSFER TAX.

E.        (1) THE COUNTY TRANSFER TAX DOES NOT APPLY TO:

(A)     AN INSTRUMENT OF WRITING EXEMPT FROM THE STATE
TRANSFER TAX UNDER § 13-207 OF THE TAX - PROPERTY ARTICLE OF THE
ANNOTATED CODE OF MARYLAND; OR

(B)     THE FIRST $30,000 OF THE CONSIDERATION PAYABLE FOR AN
INSTRUMENT OF WRITING FOR RESIDENTIALLY IMPROVED OWNER-OCCUPIED
REAL PROPERTY, PROVIDED THAT THE INSTRUMENT OF WRITING IS ACCOMPANIED
BY A STATEMENT UNDER OATH SIGNED BY THE GRANTEE THAT THE RESIDENCE
WILL BE OCCUPIED BY THE GRANTEE.

(2) (A) EXCEPT AS PROVIDED IN SUBPARAGRAPH (B) OF THIS
PARAGRAPH, THE EXEMPTION PROVIDED UNDER PARAGRAPH (1)(B) OF THIS
SUBSECTION SHALL BE APPLIED AGAINST THE GRANTEE'S TRANSFER TAX PAYMENT
REQUIRED UNDER THIS SECTION.                           

. (B) IF THE GRANTOR HAS AGREED, BY CONTRACT, TO PAY THE
ENTIRE COUNTY TRANSFER TAX, THE EXEMPTION PROVIDED UNDER PARAGRAPH
(1)(B) OF THIS SUBSECTION SHALL BE APPLIED AGAINST THE GRANTOR'S TRANSFER
TAX PAYMENT REQUIRED UNDER THIS SECTION.

F.        THE USE OF THE REVENUES GENERATED BY THE COUNTY TRANSFER
TAX IS RESTRICTED AND SHALL BE USED BY THE COUNTY COMMISSIONERS OF
DORCHESTER COUNTY FOR SOLELY AND ONLY THE FOLLOWING PURPOSES:

(1)      TO PAY THE PRINCIPAL AND INTEREST ON ANY GENERAL
OBLIGATION BONDS OF DORCHESTER COUNTY ISSUED TO PAY FOR CAPITAL
IMPROVEMENTS TO THE COURT HOUSE LOCATED AT 206 HIGH STREET, CAMBRIDGE,
MARYLAND 21613; OR

(2)      TO PAY FOR CAPITAL IMPROVEMENTS, INCLUDING MAINTENANCE
AND REPAIR EXPENSES, TO THE COURT HOUSE LOCATED AT 206 HIGH STREET,
CAMBRIDGE, MARYLAND 21613.

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