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Tag Archives: State Department of Assessments and Taxation

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Edward J. Levin: New law relates to IDOTs, refinancings

Recent Maryland legislation will change the law affecting indemnity mortgages and indemnity deeds of trust (“IDOTs”) as well as refinancings in this state generally. Effective July 1, the new law raises the size of loan transactions involving IDOTs which are taxable when they are recorded from $1 million to $3 million, and it changes the way refinancings in Maryland are taxed.

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Legal changes go beyond same-sex marriage

ANNAPOLIS — History will remember the 2012 Maryland General Assembly session as the year the state permitted same-sex couples to legally marry, a controversial law that will likely have to survive a referendum in November if it is to go ...

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Senate panel renews ground-rent fight

ANNAPOLIS — With key parts of its prior effort at ground-rent reform declared unconstitutional last fall, a Maryland Senate committee on Tuesday considered legislation that would penalize those who fail to register their property in ways that might pass muster ...

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State overpays locals by $11.7M

Maryland counties unexpectedly awash with extra cash in May will see their finances come back down to earth this month as the state fixes a flubbed formula used to disburse income tax revenue to local jurisdictions. The mistake in the ...

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Week in review: 3/4/11

Taking stand against algae Maryland will become the first state March 21 to ban felt-soled fishing boots that spread an invasive algae from stream to stream. The ban has consumers scrambling to replace gear and retailers left with boots they can’t ...

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