Altering the circumstances under which the Montgomery County Council may impose a tax on the transfer of agricultural land; providing that the tax does not apply to a transfer of agricultural land if the land was subject to the tax at the time of a previous transfer; requiring that the revenue derived from the tax on transfers of agricultural land be used for agricultural land preservation; and requiring that the tax on the transfer of agricultural land be reduced by 65% under certain circumstances.
Bill File Type: Regular
Effective Date(s): July 1, 2020
( 52-30 )
Last Updated: 9/22/2020 2:08 PM