H.B. 100                                                 VETOES

(3) (III) the amount of service charge to be paid with the second
installment; and

(4) (IV) the date the tax payment is due; AND

(2) SHALL INCLUDE TWO SEMIANNUAL PAYMENT COUPONS THAT MAY
BE SUBMITTED EITHER SEPARATELY WITH THE APPROPRIATE PAYMENT AS
SEMIANNUAL PAYMENTS OR AT THE SAME TIME WITH A SINGLE ANNUAL
PAYMENT:

(g) A payment under a semiannual schedule is due:

(1)     for the first installment:

(i) on July 1 of the tax year; and

(ii) may be paid without interest on or before September 30 of the tax
year; and

(2)     for the second installment:

(i) on January 1 of the tax year; and

(ii) except for the service charge, may be paid without interest on or
before January 31 of the tax year.

(h) If an escrow account is established for the payment of the property tax, the tax
shall be paid in annual or semiannual installments as directed by the property owner or
borrower.

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

Article - Tax - Property

12-103.

(b) (1) The Mayor and City Council of Baltimore City or the governing body of
a county may set, by law, the recordation tax rate in the county.

(2) The Mayor and City Council of Baltimore City or the governing body of
a county may provide for an exemption from the tax of a specified amount of the
consideration payable on the conveyance of owner-occupied residential property if the
buyer intends to use the property as the buyer's principal residence by actually occupying
the residence for at least 7 months of a 12-month period.

(3) THE GOVERNING BODY OF A COUNTY. OR BALTIMORE CITY MAY
PROVIDE FOR AN EXEMPTION FROM THE RECORDATION TAX FOR AN INSTRUMENT
OF WRITING FOR RESIDENTIALLY IMPROVED OWNER-OCCUPIED REAL PROPERTY
IF THE INSTRUMENT OF WRITING IS ACCOMPANIED BY A STATEMENT UNDER OATH
SIGNED BY EACH GRANTEE THAT:

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