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PARRIS N. GLENDENING, Governor
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Ch. 444
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CHAPTER 444
(House Bill 1004)
AN ACT concerning
Prince George's County - Transfer Tax Rate
PG 403-00
FOR the purpose of altering the maximum rate for the Prince George's County
transfer tax for first time Prince George's County home buyers; altering the
maximum rate for the transfer tax in Prince George's County for the transfer of
residential real property on or after certain dates creating a Task Force on the
Prince George's County Transfer Tax Rate; requiring the Task Force to conduct
a thorough review of the transfer tax rate in Prince George's County and its
effect on citizens, businesses, and schools in the County; specifying the
composition, powers, and duties of the Task Force; providing for the staffing of
the Task Force; requiring the Task Force to report its findings and
recommendations by a certain date; providing for the termination of certain
provisions of this Act; providing for a delayed effective date for certain
provisions of this Act; and generally relating to the Prince George's County
transfer tax.
BY repealing and reenacting, without amendments,
The Public Local Laws of Prince George's County
Section 10-187(a)(1)
Article 17—Public Local Laws of Maryland
(1995 Edition and 1998 Supplement, as amended)
BY repealing and reenacting, with amendments,
The Public Local Laws of Prince George's County
Section 10-187(b)
Article 17—Public Local Laws of Maryland
(1995 Edition and 1998 Supplement, as amended)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
(a) There is a Task Force on the Prince George's County Transfer Tax Rate.
(b) The Task Force consists of the following 13 members:
(1) One member of the House of Delegates, appointed by the Chairman
of the Prince George's County House Delegation;
(2) One member of the Senate of Maryland, appointed by the Chairman
of the Prince George's County Senate Delegation;
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- 2417 -
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