• New Maryland Recordation and Transfer Tax on a Transfer of "Controlling Interest" in a "Real Property Entity"
  • December 7, 2007 | Authors: Mark D. Jackson; Lisa Alpert Rosen; R. Alex DuFour
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • Maryland's General Assembly recently concluded a special legislative session with the enactment of a broad tax legislation package that is projected to raise $1.4 billion in new taxes. Of particular importance to the Maryland commercial real estate industry, the legislation expands the real estate recordation tax to include transfers of a controlling interest in business entities with real property in Maryland.