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§ 13-402.1. Tax on written instruments permitted

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 13. Transfer Taxes
Subtitle 4. County Transfer Taxes--in General
MD Code, Tax - Property, § 13-402.1
§ 13-402.1. Tax on written instruments permitted
Currentness
Home rule powers; transfer tax
(a) The governing body of a county that has adopted home rule powers under Article XI-F of the Maryland Constitution may impose a transfer tax on an instrument of writing:
(1) recorded with the clerk of the circuit court for the county; or
(2) filed with the Department.
Rate and application
(b) A transfer tax imposed under this section:
(1) may not exceed 0.5%; and
(2) does not apply to an instrument of writing exempt from the State transfer tax under § 13-207 of this title.

Credits

Added by Acts 1988, c. 327; Acts 1989, c. 5, § 1.
MD Code, Tax - Property, § 13-402.1, MD TAX PROPERTY § 13-402.1
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document