Maryland SB33 modifies tax exemptions for transfers between related business entities to include common law trusts.
Maryland SB33 changes the exemption from recordation tax and State and county transfer tax for transfers between related business entities to include transfers involving common law trusts. This bill amends Article – Tax – Property Section 12–108(p) and 13–405(c) of the Annotated Code of Maryland. It applies 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.