Legislation
- Title
- Anne Arundel County – Transfer Tax – Housing Trust Special Revenue Fund
- Sponsored by
- Senator Elfreth (By Request - Anne Arundel County Administration)
- Status
- In the House - First Reading Environment and Transportation
- Analysis
- Fiscal and Policy Note
Synopsis
Authorizing the governing body of Anne Arundel County to increase the rate of the transfer tax imposed on certain written instruments conveying title to property or a leasehold interest in real property; requiring any revenue derived from a higher transfer tax rate to be distributed to a certain special fund; establishing a Housing Trust Special Revenue Fund and requiring that certain revenue attributable to certain transfer and recordation tax rates be paid into the fund; etc.
Committees
- Opposite:
- Environment and Transportation
Committee Testimony
Details
Cross-filed with: HB0933
Bill File Type: Regular
Effective Date(s): July 1, 2021
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
History
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File Code
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Subjects
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Statutes
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(
4-11-111, 4-11-122, 4-3A-102 )
Last Updated: 4/1/2021 6:17 PM