Recordation and Transfer Taxes - Exemption for Related Business Entities - Common Law Trusts
Hearing (House)
Summary
The bill amends Maryland’s recordation and transfer tax statutes so that transfers of real‑property titles between related business entities—including limited liability companies, corporations, partnerships, statutory trusts and common law trusts—are exempt from those taxes. It adds definitions for "business entity," "owner" and "ownership interest" and sets the exemption to apply to instruments recorded on or after July 1 2026. The change is intended to treat common law trusts the same as other entities for tax purposes.
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Ask about HB 82
3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Feb 3, 2026
History
- Hearing 2/03 at 1:00 p.m.
- Reassigned to Ways and Means
- Hearing canceled
- Hearing canceled
- Hearing 2/04 at 2:00 p.m.
- Hearing 2/04 at 1:00 p.m.
- First Reading Judiciary
- Pre-filed
Sponsors
- Cardin · sponsor
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