ROBERT L. EHRLICH, JR., Governor                           H.B. 753

(7)     except as provided in § 10-304(4) of this title, an investment conduit
or a special exempt entity; or

(8)     except as provided in § 10-102.1 of this subtitle, a limited liability
company as defined under Title 4A of the Corporations and Associations Article to the
extent that the company is taxable as a partnership, as defined in § 761 of the
Internal Revenue Code.

10-105.

(b) (1) [The] SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, THE State
income tax rate for a corporation is 7% of Maryland taxable income.

(2) THE RATE OF THE SURCHARGE IMPOSED UNDER § 10-102(2) OF THIS
SUBTITLE IS 10% OF THE TAX IMPOSED UNDER PARAGRAPH (1) OF THIS SUBSECTION.

SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Commercial Law

9-525.

(a) Except as otherwise provided in subsection (e), the fee for filing and
indexing a record under this part, other than an initial financing statement of the
kind described in § 9-502(c), is:

(1) [$20] $25 if the record is communicated in writing and consists of
eight or fewer pages;

(2) $75 if the record is communicated in writing and consists of more
than eight pages; and

(3) [$20] $25 if the record is communicated by another medium
authorized by filing office rule.

(b) The number of names required to be indexed does not affect the amount of
the fee in subsection (a):

(c) This section does not require a fee with respect to a record of a mortgage
which is effective as a financing statement filed as a fixture filing or as a financing
statement covering as extracted collateral or timber to be cut under § 9-502(c).
However, the recording and satisfaction fees that otherwise would be applicable to the
record of the mortgage apply.

Article - Corporations and Associations

1-203.

(A) In addition to any organization and capitalization fee required under §
1-204 of this article, the Department shall collect the following fees:

(B) (1) For each of the following documents, the recording fee is [$20 and the
filing or special fee is as indicated] $100:

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