§ 13-103. Real property transfer taxes; rates, exemptions
West's Annotated Code of MarylandTax-PropertyEffective: July 1, 2017
Effective: July 1, 2017
MD Code, Tax - Property, § 13-103
§ 13-103. Real property transfer taxes; rates, exemptions
(a) In this section, “controlling interest”, “real property”, and “real property entity” have the meanings stated in § 12-117 of this article.
(b)(1) The taxes under this title are imposed on the transfer of a controlling interest in a real property entity as if the real property, directly or beneficially owned by the real property entity, was conveyed by an instrument of writing that is recorded with the clerk of the circuit court for a county or filed with the Department under § 13-202 of this title.
(c) The taxes under this title are not imposed on the transfer of a controlling interest in a real property entity in any of the circumstances described:
(d) In each instance in which a controlling interest in a real property entity is transferred, the provisions of § 12-117(d) and (e) of this article are applicable.
(e) This section does not apply in the circumstances described in § 12-117(f) of this article.
Credits
Added by Acts 2007, 1st Sp. Sess., c. 3, § 7, eff. July 1, 2008. Amended by Acts 2016, c. 223, § 1, eff. July 1, 2016; Acts 2016, c. 224, § 1, eff. July 1, 2016; Acts 2017, c. 63, § 1, eff. July 1, 2017; Acts 2017, c. 64, § 1, eff. July 1, 2017.
MD Code, Tax - Property, § 13-103, MD TAX PROPERTY § 13-103
Current through legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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