Anne Arundel County – Transfer Tax – Housing Trust Special Revenue Fund
What this bill does
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, subject to a certain exception; 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.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.