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HTMLRecordation Tax Exemption on Indemnity Deeds of Trust Preserved (Maryland Legislation Update)
Margaret "Ann" Brown, R. Craig Fitzenreiter, Kimberly Hargrove, M. Kevin McCusty, Jackson W. Prentice; Troutman Sanders LLP;
Legal Alert/Article
May 3, 2012, previously published on May 2012
The most recent attempt to impose recordation tax on indemnity deeds of trust (IDOTs) failed on the last day of the most recent session of the Maryland General Assembly. Senate Bill 152, the Budget Reconciliation and Financing Act of 2012, would have imposed recordation tax on IDOTs securing...