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Maryland Code, Tax-Property § 12-119

Current as of January 01, 2025 | Updated by Findlaw Staff

On or before July 1, 2025, and each July 1 thereafter, the collector or the clerk of the circuit court for the county, whichever is designated to collect recordation tax for the county, shall submit a report, in accordance with § 2-1257 of the State Government Article, to the Senate Budget and Taxation Committee and the House Ways and Means Committee that includes, for the immediately preceding fiscal year:

(1) the total number of indemnity mortgages recorded that were exempt from recordation tax under § 12-105(f)(7)(iii)2 of this title;

(2) the amount of debt secured by each indemnity mortgage that was exempt from recordation tax under § 12-105(f)(7)(iii)2 of this title; and

(3) the amount of recordation tax revenue forgone due to the indemnity mortgage exemption from recordation tax under § 12-105(f)(7)(iii)2 of this title.

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Cite this article: FindLaw.com - Maryland Code, Tax-Property § 12-119 - last updated January 01, 2025 | https://codes.findlaw.com/md/tax-property/md-code-tax-property-sect-12-119/

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