Martin O'Malley, Governor

Ch. 3

income tax rate for individuals under § 10-105(a) of this title, applied to] AN AMOUNT
EQUAL TO 7.75% OF the payment.

10-912.

(c) Except as otherwise provided in this section, in a sale or exchange of real
property and associated tangible personal property owned by a nonresident or
nonresident entity, the deed or other instrument of writing that effects a change of
ownership on the assessment books under the Tax - Property Article may not be
recorded with the clerk of the circuit court for a county or filed with the Department of
Assessments and Taxation unless payment is made to the clerk of the circuit court for
a county or the Department of Assessments and Taxation in an amount equal to:

(1)       the sum of the rate of the tax imposed under § 10-106.1 of this title
and the top marginal State income tax rate for individuals under § 10-105(a) of this
title, applied to the total payment to a nonresident; or

(2)       [7%] THE RATE OF THE TAX FOR A CORPORATION UNDER
§ 10-105(B) OF THIS TITLE of the total payment to a nonresident entity.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Tax - General

2-202.

After making the distribution required under § 2-201 of this subtitle, within 20
days after the end of each quarter, the Comptroller shall distribute:

(1) THE REVENUE FROM THE STATE ADMISSIONS AND
AMUSEMENT TAX ON ELECTRONIC BINGO AND ELECTRONIC TIP JARS UNDER §
4-102(D) OF THIS ARTICLE TO THE GENERAL FUND OF THE STATE; AND

(2) the remaining admissions and amusement tax revenue:

[(1)] (I) to the Maryland Stadium Authority, county, or municipal
corporation that is the source of the revenue; or

[(2)] (H) if the Maryland Stadium Authority and also a county or
municipal corporation tax a reduced charge or free admission:

[(i)] 1. 80% of that revenue to the Authority; and

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