§ 12-114. Transfer of rental dwelling, Charles County; recordation tax exemption
West's Annotated Code of MarylandTax-Property
MD Code, Tax - Property, § 12-114
§ 12-114. Transfer of rental dwelling, Charles County; recordation tax exemption
(a) In this section, “rental dwelling” means residential real property with accommodations for not more than 4 units that is held by the owner primarily for rental, investment, or the generation of income and is located in a targeted area designated by the governing body of Charles County under § 9-310(c) of this article.
(b) The governing body of Charles County may grant, by law, an exemption, in whole or in part, from the recordation tax imposed on an instrument of writing that transfers a rental dwelling in Charles County to an individual who will occupy the property as a principal residence.
(c) To qualify for the exemption authorized under this section, the instrument of writing shall be accompanied by:
(d) The governing body of Charles County may provide by law for:
Credits
Added by Acts 1999, c. 547, § 1, eff. Oct. 1, 1999.
MD Code, Tax - Property, § 12-114, MD TAX PROPERTY § 12-114
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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