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Maryland Code — Tax-General + Tax-Property Articles

Md. Code Ann., Tax-Prop. § 12-114

§ 12-114

Official textmgaleg.maryland.gov

# (a)

In this section, “rental dwelling” means residential real property with accommodations for not more than 4 units that is held by the owner primarily for rental, investment, or the generation of income and is located in a targeted area designated by the governing body of Charles County under § 9-310(c) of this article.

# (b)

The governing body of Charles County may grant, by law, an exemption, in whole or in part, from the recordation tax imposed on an instrument of writing that transfers a rental dwelling in Charles County to an individual who will occupy the property as a principal residence.

# (c)

To qualify for the exemption authorized under this section, the instrument of writing shall be accompanied by:

# (1)

a statement under oath signed by the grantor that the property has been held by the grantor as a rental dwelling; and

# (2)

a statement under oath signed by the grantee that the residence will be occupied by the grantee as the grantee’s principal residence.

# (d)

The governing body of Charles County may provide by law for:

# (1)

any additional criteria for eligibility, conditions, or restrictions for an exemption provided under this section;

# (2)

provisions to define, fix, or limit the amount, terms, and scope of an exemption provided under this section; and

# (3)

any other provision appropriate to implement the exemption.

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In this article (40 sections)
  1. gtp-10-305 · § 10-305
  2. gtp-10-401 · § 10-401
  3. gtp-10-402 · § 10-402
  4. gtp-10-403 · § 10-403
  5. gtp-11-101 · § 11-101
  6. gtp-11-102 · § 11-102
  7. gtp-11-103 · § 11-103
  8. gtp-12-101 · § 12-101
  9. gtp-12-102 · § 12-102
  10. gtp-12-103 · § 12-103
  11. gtp-12-104 · § 12-104
  12. gtp-12-105 · § 12-105
  13. gtp-12-106 · § 12-106
  14. gtp-12-107 · § 12-107
  15. gtp-12-108 · § 12-108
  16. gtp-12-109 · § 12-109
  17. gtp-12-110 · § 12-110
  18. gtp-12-111 · § 12-111
  19. gtp-12-112 · § 12-112
  20. gtp-12-113 · § 12-113
  21. gtp-12-114 · § 12-114
  22. gtp-12-115 · § 12-115
  23. gtp-12-116 · § 12-116
  24. gtp-12-117 · § 12-117
  25. gtp-12-118 · § 12-118
  26. gtp-12-119 · § 12-119
  27. gtp-13-101 · § 13-101
  28. gtp-13-102 · § 13-102
  29. gtp-13-103 · § 13-103
  30. gtp-13-201 · § 13-201
  31. gtp-13-202 · § 13-202
  32. gtp-13-203 · § 13-203
  33. gtp-13-204 · § 13-204
  34. gtp-13-205 · § 13-205
  35. gtp-13-206 · § 13-206
  36. gtp-13-207 · § 13-207
  37. gtp-13-208 · § 13-208
  38. gtp-13-209 · § 13-209
  39. gtp-13-301 · § 13-301
  40. gtp-13-302 · § 13-302
Full table of contents →