Recordation and Transfer Taxes - Exemption for Related Business Entities - Common Law Trusts
Sponsor: Jon S. Cardin (District 11B)Committee: Ways and MeansSubject: Taxes - Recordation and TransferStatus: Hearing 2/03 at 1:00 p.m. (as of Sep 4, 2026)
What this bill does
Official synopsis
Altering an exemption from the recordation tax and State and county transfer tax for transfers between related business entities to include transfers involving common law trusts; and applying the Act to instruments of writing recorded on or after July 1, 2026.
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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.
Testimony (5)
MGA witness listFAV 3FavorableUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Lieberman, Jim | Leisure World | Written (PDF) |
| FAV | Ballentine, Tom | NAIOP Maryland | Written (PDF) |
| FAV | Delegate Cardin, Delegate Cardinlegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| INFO | Harris, Mrs. | Individual | Position only |