Legislation
- Title
- Montgomery County - Agricultural Land Transfer Tax - Alterations MC 7-20
- Sponsored by
- Montgomery County Delegation
- Status
- Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 342
- Analysis
- Fiscal and Policy Note
Synopsis
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.
Committees
- Original:
- Ways and Means Click to view Recorded Media
- Opposite:
- Budget and Taxation
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): July 1, 2020
History
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File Code
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Subjects
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Statutes
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52-30 )
Last Updated: 9/22/2020 2:08 PM