Section 13-404 – County Transfer Tax on Corporate, Limited Liability Company, or Partnership Transfers, Consolidations or Mergers
(a) The Department shall collect county transfer tax at the rate set by each county for articles of consolidation or articles of merger filed with the Department as required by § 3–107, § 4A–703, § 9A–903, or § 10–208 of the Corporations and Associations Article, or other document filed with the clerk of the circuit court […]
Section 13-405 – Tax on Corporate, Limited Liability Company, or Partnership Transfers
(a) Except as provided in subsection (c) of this section, county transfer tax applies to conveyances that transfer the real property of a corporation to its stockholders, a limited liability company to its members, or a partnership to its partners on: (1) liquidation; (2) dissolution; or (3) termination. (b) For a conveyance that is taxable under this section, county transfer […]
Section 13-406 – Apportionment of Tax
In a transfer of property located in 2 or more counties, the county transfer tax of the counties where the property that is transferred is located is apportioned as required under § 12-110(b) of this article.
Section 13-407 – Limitations on County Transfer Taxes
(a) In this section, “total rate of tax” means the rate of tax imposed for the agricultural land transfer tax under § 13–303(a) of this title plus the rate of tax for a county transfer tax imposed under this section. (b) (1) Unless a greater rate of tax was imposed before July 1, 1979, a county may not […]
Section 13-408 – Exemption From County Transfer Tax
Any county having a county transfer tax may provide for an exemption from the tax of a specified amount of the consideration payable on the conveyance of owner-occupied residential property if the buyer intends to use the property as the buyer’s principal residence by actually occupying the residence for at least 7 months of a […]