Unannotated Code of Maryland (Last Updated: May 16, 2014) |
TAX - PROPERTY |
TITLE 12. RECORDATION TAXES |
§ 12-116. Exemption from recordation tax
Latest version.
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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.