Maryland HB82 exempts transfers between related business entities, including common law trusts, from recordation and transfer taxes.
Maryland HB82 amends the state's tax laws to exempt transfers between related business entities from recordation and transfer taxes. This includes transfers involving common law trusts. The bill defines "business entity" to include common law trusts and exempts transfers made for no consideration, nominal consideration, or through the issuance, cancellation, or surrender of ownership interests. The changes apply to instruments of writing recorded on or after July 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.