EXPLANATION: CAPITALS indicate matter added to existing law.
[Brackets] indicate matter deleted from existing law.
* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL
Introduced by: Councilmember Mitchell
A BILL ENTITLED
AN ORDINANCE concerning
Title
Transfer Tax - Transfers Between Spouses
FOR the purpose of exempting from the local transfer tax transfers between spouses or former spouses; correcting, clarifying, and conforming certain language; and generally relating to the imposition and collection of the local transfer tax.
Body
BY repealing and reordaining, with amendments
Article 28 - Taxes
Section(s) 17-8
Baltimore City Code
(Edition 2000)
SECTION 1. BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF BALTIMORE, That the Laws of Baltimore City read as follows:
Baltimore City Code
Article 28. Taxes
Subtitle 17. Transfer Tax
ยง 17-8. Exemptions.
The tax levied and imposed by this subtitle [shall] DOES not apply to the following:
(1) where the taxable basis is less than $100;
(2) transfers by way of mortgage securing a debt;
(3) transfers by way of bona fide gift or without any consideration;
(4) transfers to the United States, the State of Maryland, or any political subdivision thereof, or the Mayor and City Council of Baltimore, or any instrumentality or agency of said respective bodies politic;
(5) transfers by the Housing Authority of Baltimore City to transferees who, in connection with such transfers, grant mortgages which are insured by the Federal Housing Administration or by the U.S. Depart...
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