H.B. 100

VETOES

under certain circumstances; requiring the^- seller of certain property to pay the
entire amount of State and local transfer tax and recordation tax under certain
circumstances; defining certain terms; requiring counties and municipal
corporations to make certain changes to their property tax collection data
processing systems to the extent necessary; providing for the intent of the General
Assembly that counties and municipal corporations should work cooperatively to
facilitate the transition to semiannual property tax systems; providing for the
application of this Act; making a section of this Act subject to a certain contingency;
providing for the effective dates of this Act; and generally relating to the payment of
property taxes on a semiannual basis and to certain taxes imposed on the transfer of
property.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 10-204.3, 12-103(b), and 13-203
Annotated Code of Maryland
(1994 Replacement Volume and 1994 Supplement)

BY adding to

Article - Tax - Property

Section 13-409

Annotated Code of Maryland

(1994 Replacement Volume and 1994 Supplement)

BY repealing and reenacting, with amendments,
Article - Real Property
Section 14-104
Annotated Code of Maryland
(1988 Replacement Volume and 1994 Supplement)

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

Article - Tax - Property

10-204.3.

(a) Notwithstanding Subtitle 1 of this title:

(1)     the governing body of a county [may authorize, by law,] SHALL ALLOW
PROVIDE an optional semiannual payment schedule for State, county, and special taxing
district property taxes due on owner-occupied residential property; and

(2)     the governing body of a municipal corporation [may authorize, by law,]
SHALL ALLOW PROVIDE an optional semiannual payment schedule for municipal
corporation and special taxing district property taxes due on owner-occupied residential
property.

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