Approved May 13, 1999.

CHAPTER 305
(House Bill 897)

AN ACT concerning

Property Tax - Mandatory Semiannual Payment

FOR the purpose of altering from optional to mandatory the semiannual payment
program for payment of property taxes on certain real property; and providing
that a service charge for semiannual payments does not apply under certain
circumstances; providing for a delayed effective date; and generally relating to
semiannual payment of property taxes on certain real property.

BY repealing and reenacting, with amendments,
Article — Real Property
Section 3-104(c)(5)
Annotated Code of Maryland

(1996 Replacement Volume and 1998 Supplement)

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 10-204.3 and 10-402(a)
Annotated Code of Maryland

(1994 Replacement Volume and 1998 Supplement)

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

Article - Real Property

3-104.

(c) (5) [If a buyer elects at] AT the time of transfer OF REAL PROPERTY
SUBJECT TO a semiannual payment schedule for the payment of property taxes, ONLY
THOSE SEMIANNUAL PAYMENTS THAT ARE DUE for the current taxable year under §
10-204.3 of the Tax - Property Article [, only those installments which are due] must
be paid prior to the transfer of the property.

Article - Tax - Property

10-204.3.

(a) In this section, "owner-occupied residential property" means the principal
residence of a homeowner as defined in § 9-105 of this article.

(b) Notwithstanding Subtitle 1 of this title: