Legislation
- Title
- Real Property - Ground Leases - Required Notifications - Private Transaction Redemptions
- Sponsored by
- Chair, Environment and Transportation Committee (By Request - Departmental - Assessments and Taxation)
- Status
- Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 82
- Analysis
- Fiscal and Policy Note
Synopsis
Altering the requirement that a ground lease holder notify the State Department of Assessments and Taxation of certain changes concerning a ground lease; authorizing a leasehold tenant or an interested party to submit to the Department certain documentation of the redemption of a ground lease if the ground lease is redeemed in a certain private transaction and the ground lease holder has failed to notify the Department of the redemption; and requiring the Department to update the online registry under certain circumstances.
Committees
- Opposite:
- Judicial Proceedings
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): October 1, 2020
By Request of the Governor
History
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File Code
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Subjects
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Statutes
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(
8-706, 8-707.1 )
Last Updated: 9/22/2020 1:37 PM