Maryland HB1009 establishes procedures for recording real property transfers from the United States to private parties and imposes a state transfer.

Maryland HB1009 introduces uniform statewide procedures for recording real property transfers from the United States to private parties. The bill mandates that the Office of the Attorney General and the State Department of Assessments and Taxation review changes of ownership and issue a Certificate of Compliance. The clerk of the circuit court cannot record the transfer unless accompanied by this certificate. The bill also establishes a 2% state transfer tax on the value of the property, payable by the transferor.

Maryland HB1009 establishes procedures for recording real property transfers from the United States to private parties and imposes a state transfer.

Maryland HB1009 introduces uniform statewide procedures for recording real property transfers from the United States to private parties. The bill mandates that the Office of the Attorney General and the State Department of Assessments and Taxation review changes of ownership and issue a Certificate of Compliance. The clerk of the circuit court cannot record the transfer unless accompanied by this certificate. The bill also establishes a 2% state transfer tax on the value of the property, payable by the transferor.