Maryland § 13-103
Full text of Maryland Maryland Code § 13-103, with citation guidance and answers to common questions.
§ 13-103.
(a) In this section, “controlling interest”, “real property”, and “real property entity” have the meanings stated in § 12–117 of this article.
(b) (1) The taxes under this title are imposed on the transfer of a controlling interest in a real property entity as if the real property, directly or beneficially owned by the real property entity, was conveyed by an instrument of writing that is recorded with the clerk of the circuit court for a county or filed with the Department under § 13–202 of this title.
(2) The taxes under this section are imposed on the consideration payable for the transfer of the controlling interest in the real property entity or on the value of the real property directly or beneficially owned by the real property entity, as provided in § 12–117(b)(2) of this article.
(3) (i) Except for the county transfer tax, the taxes under this section shall be applied at the rates established in this title.
(ii) The county transfer tax shall be applied at the rate imposed by the county where the real property is located.
(c) The taxes under this title are not imposed on the transfer of a controlling interest in a real property entity in any of the circumstances described:
(1) in § 13–207 of this title that exempts an instrument of writing from the transfer tax; or
(2) in § 12–117(c) of this article that exempts the transfer of a controlling interest in a real property entity from the recordation tax.
(d) In each instance in which a controlling interest in a real property entity is transferred, the provisions of § 12–117(d) and (e) of this article are applicable.
(e) This section does not apply in the circumstances described in § 12–117(f) of this article.
(f) The Department shall adopt regulations to administer this section in the same manner as in § 12–117(g) of this article.
Frequently Asked Questions About Maryland § 13-103
What does Maryland Code § 13-103 cover?
Section 13-103 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 13-103?
A common citation format is "Maryland Code § 13-103" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 13-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.