Transfer of Real Property - Recordation Certification and State Transfer Tax (Land Transfer Accountability Act)

Summary

The bill bars circuit court clerks from recording deeds that move real property from the United States to private parties unless a Certificate of Compliance, issued by the Attorney General’s Office and the Department of Assessments and Taxation, is attached. It also creates a 0.5% state transfer tax on the consideration paid for such property. The measure aims to ensure federal land sales meet all legal requirements and generate revenue for the state.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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