§ 13-303. Rates
West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2021
Effective: June 1, 2021
MD Code, Tax - Property, § 13-303
§ 13-303. Rates
(a) The agricultural land transfer tax applies at the following rates:
(b) If an instrument of writing is subject to different rates of agricultural land transfer tax under subsection (a) of this section, the total agricultural land transfer tax due is computed separately for each portion of agricultural land to which a different rate applies.
(c) Except as provided by § 13-305(b)(2) or (c)(4) of this subtitle, the agricultural land transfer tax determined under subsection (a) or subsection (b) of this section is reduced by:
(d)(1) Except as provided in paragraph (2) of this subsection, in addition to the agricultural land transfer tax, a surcharge in an amount equal to 25% of the tax determined under subsections (a) through (c) of this section is imposed on an instrument of writing that transfers title to agricultural land.
(e) When determining the rate of the agricultural land transfer tax to be imposed under subsection (a) or (b) of this section, the amount of agricultural land transferred that is exempt from the tax in accordance with § 13-305 of this subtitle may not be included in the amount of agricultural land that is transferred.
Credits
Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1995, c. 3, § 1, eff. March 7, 1995; Acts 2008, c. 610, § 1, eff. July 1, 2008; Acts 2015, c. 197, § 1, eff. June 1, 2015; Acts 2016, c. 372, § 1, eff. June 1, 2016; Acts 2016, c. 373, § 1, eff. June 1, 2016; Acts 2019, c. 566, § 1, eff. July 1, 2019; Acts 2019, c. 567, § 1, eff. July 1, 2019; Acts 2021, c. 609, § 1, eff. June 1, 2021.
Formerly Art. 81, § 278F.
MD Code, Tax - Property, § 13-303, MD TAX PROPERTY § 13-303
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.
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