(a) Except as provided in subsection (c) of this section, county transfer tax applies to conveyances that transfer the real property of a corporation to its stockholders, a limited liability company to its members, or a partnership to its partners on:
(1) liquidation;
(2) dissolution; or
(3) termination.
(b) For a conveyance that is taxable under this section, county transfer tax applies to the value of the real property determined by the Department at the date of finality immediately before the date of transfer.
(c) A corporate, limited liability company, or partnership transfer as described in § 12-108(p), (q), (v), (w), (y), and (bb) of this article is not subject to the county transfer tax.
Structure Maryland Statutes
Subtitle 4 - County Transfer Taxes -- in General
Section 13-401 - "County Transfer Tax" Defined
Section 13-402 - Applicability of Subtitle
Section 13-402.1 - County Transfer Tax on Instruments of Writing
Section 13-403 - Transfers Between Spouses and Former Spouses
Section 13-403.1 - Transfers Involving Certain Maryland Stadium Authority Affiliates
Section 13-405 - Tax on Corporate, Limited Liability Company, or Partnership Transfers
Section 13-406 - Apportionment of Tax
Section 13-407 - Limitations on County Transfer Taxes
Section 13-408 - Exemption From County Transfer Tax
Section 13-410 - Exemption From Tax for Certain Transfers to Land Trusts or Race Facilities
Section 13-411 - Exemption From Tax Under 12-118
Section 13-412 - Applicability to Consideration Payable for Instrument of Writing
Section 13-413 - Exemption -- Transfer of Principal Residence Surrendered in Bankruptcy