Section 13-206 – Tax on Corporate, Limited Liability Company, and Partnership Transfers
Except as provided in § 13-207(a)(9), (10), (15), and (16) of this subtitle, the transfer tax applies to conveyances that transfer the real property of a corporation to its stockholders, the real property of a limited liability company to its members, or the real property of a partnership to its partners.
Section 12-111 – Responsibility for Payment of Tax
By agreement, recordation tax may be paid by any person.
Section 13-207 – Exemptions From Transfer Tax
(a) An instrument of writing is not subject to transfer tax to the same extent that it is not subject to recordation tax under: (1) § 12–108(a) of this article (Transfer to government or public agency); (2) § 12–108(c) of this article (Transfer between relatives and domestic partners); (3) § 12–108(d) of this article (Transfer between spouses and domestic […]
Section 12-112 – Administration of Tax
The Department may adopt regulations to administer the collection and remitting of recordation tax for instruments of writing filed with the Department.
Section 12-113 – Proceeds From Recordation Tax in Harford County
(a) In Harford County the collector shall deposit proceeds from recordation tax at the rate of $2.20 in a special capital improvement fund to be used to pay school bonds issued on the faith and credit of Harford County after January 1, 1959. After the debt service for the current fiscal year has been met, the […]
Section 12-114 – Charles County Rental Transfer 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 […]
Section 12-115 – Charles County Targeted Businesses Exemption
(a) The governing body of Charles County may grant, by law, a credit, in whole or in part, against the recordation tax imposed on an instrument of writing which transfers property in Charles County to targeted businesses relocating, expanding, or undertaking new construction in Charles County. (b) The law adopted under subsection (a) of this section shall […]
Section 12-116 – Exemption From Recordation Tax
The Mayor and City Council of Baltimore City or the governing body of a county may exempt, by law, from the recordation tax an instrument of writing that transfers property from or grants a security interest from: (1) the United States; (2) the State; (3) an agency of the State; or (4) a political subdivision in the State.
Section 12-117 – Tax on Consideration Payable for Transfer of Controlling Interest in Real Property Entity
(a) (1) In this section the following words have the meanings indicated. (2) “Controlling interest” means: (i) more than 80% of the total value of all classes of stock of a corporation; (ii) more than 80% of the total interest in capital and profits of a partnership, association, limited liability company, or other unincorporated form of doing business; or (iii) more […]
Section 12-118 – Tax on Instrument That Transfers Title to Improved Residential Real Property
(a) (1) In this subsection the following words have the meanings indicated. (2) “Acquired dwelling” means a dwelling: (i) that was owned by a displaced homeowner; and (ii) that by negotiation or condemnation was acquired from the displaced homeowner for public use by the State or a political subdivision or instrumentality of the State, where the acquiring agency had the […]