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2007 Laws of Maryland
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Ch. 248
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BY repealing and reenacting, with amendments,
The Public Local Laws of Prince George's County
Section 10-187(b)(4)
Article 17 - Public Local Laws of Maryland
(2003 Edition, as amended)
(As enacted by Chapter 373 of the Acts of the General Assembly of 2006)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 17 - Prince George's County
10-187.
(a) (1) Except as provided in Subsection (b) of this Section, the County
Council is authorized and empowered to impose a tax at a rate not to exceed 1.4% of
the actual consideration paid or to be paid under every instrument of writing
conveying title to real property, or any interest therein, in the County, offered for
record and recorded in the County. Conveyances to the State, any agency of the State,
or any political Subdivision of the State shall not be subject to the tax imposed under
this Section.
(b) (4) (A) Subject to the provisions of subparagraphs (B), (C), and (D)
of this paragraph, for a sale of improved residential real property to a Prince George's
County police officer OR DEPUTY SHERIFF or a municipal police officer who operates
in Prince George's County who will occupy the property as a principal residence:
(i) The transfer tax authorized under Subsection (a) of
this Section does not apply to the police officer's OR DEPUTY SHERIFF'S first
purchase of residential real property in Maryland that is located in Prince George's
County; and
(ii) The rate of the transfer tax authorized under
Subsection (a) of this Section may not exceed 1.0% for the police officer's OR DEPUTY
SHERIFF'S second or subsequent purchase in Prince George's County.
(B) If there are two or more grantees, an exemption or rate
reduction under this paragraph applies if at least one grantee is a Prince George's
County police officer OR DEPUTY SHERIFF or a municipal police officer who operates
in Prince George's County.
(C) To qualify for an exemption or rate reduction under this
paragraph, at least one grantee, other than a comaker or guarantor, must:
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