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Ch. 290 2007 Laws of Maryland
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THE DEPARTMENT SHALL ADOPT REGULATIONS TO CARRY OUT THIS
SUBTITLE.
SECTION 2. AND BE IT FURTHER ENACTED. That, through September 30,
2010, the State Department of Assessments and Taxation shall publish notice of the
registration requirements under this Act in at least semiannual annual
advertisements of at least a quarter-page size in a newspaper of general circulation
in Baltimore City and each county in which ground rents are located.
SECTION 3. AND BE IT FURTHER ENACTED. That the State Department of
Assessments and Taxation shall report to the General Assembly, in accordance with §
2-1246 of the State Government Article, on or before December 31. 2007. and on or
before December 31. 2008. on the implementation of this Act, including
recommendations on the provision of notification, by electronic and other means, to
ground lease holders about the registration requirements established under this Act.
SECTION 4. AND BE IT FURTHER ENACTED. That the Comptroller of the
State shall report to the General Assembly, in accordance with § 2-1246 of the State
Government Article, on or before December 31. 2007, on recommendations regarding
the provision of notification, bv electronic and other means, bv the Comptroller to
ground lease holders about the registration requirements with the State Department
of Assessments and Taxation established under this Act, including providing
notification in the yearly State income tax instruction booklet.
SECTION 2. 5. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2007.
Approved by the Governor, May 8, 2007.
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CHAPTER 291
(House Bill 489)
AN ACT concerning
Ground Rents - Redemption
FOR the purpose of repealing a certain waiting period for redeeming certain ground
rents; requiring, before a voluntary transfer of a redeemable ground rent to a
third party, that the landlord give the tenant notice of the tenant's right to
redeem the ground rent and offer the tenant the opportunity to exercise the
right; requiring the notice to contain certain information and to be given in a
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