PARRIS N. GLENDENING, Governor                             Ch. 684

(III) THE INSTRUMENT OF WRITING THAT TRANSFERS TITLE TO
REAL PROPERTY REPRESENTS THE DISSOLUTION OF THE PREDECESSOR ENTITY
FOR PURPOSES OF CONVERSION TO A LIMITED LIABILITY COMPANY.

13-207.

(a) An instrument of writing is not subject to transfer tax to the same extent that
it is not subject to recordation tax under:

(18) § 12-108(y) of this article (Transfer from [partnership] PREDECESSOR
ENTITY to limited liability company).

13-405.

(c) A corporate, limited liability company, or partnership transfer as described in
§ 12-108(p), (q), (v), (w), and (y) of this article is not subject to the county transfer tax.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1997.

Approved May 22, 1997.

CHAPTER 684
(House Bill 675)

AN ACT concerning

St Mary's County - Properly Tax Credit - Agricultural Land

FOR the purpose of repealing authority for the governing body of St. Mary's County to
grant, by law, a property tax credit for certain buildings; and authorizing the
governing body of St. Mary's County to grant, by law, a property tax credit for
certain real property that is subject to the Maryland Agricultural Land Preservation
District Program or the St. Mary's County Agricultural Land Preservation District
5-year program.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-320

Annotated Code of Maryland
(1994 Replacement Volume and 1996 Supplement)

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

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