HARRY HUGHES, Governor

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(21) IN WASHINGTON, $2.20;

(22) IN WICOMICO, $2.00;

(23) IN WORCESTER, $1.65; AND

(24) IN BALTIMORE CITY, $2.50.

(D) (C) PUBLIC UTILITY BONDS' SECURITY TAX RATE.

THE RECORDATION TAX RATE IS 55 CENTS FOR AN INSTRUMENT OF
WRITING FOR PROPERTY THAT:

(1)  IS LOCATED IN 2 OR MORE COUNTIES; AND

(2)  IS SECURITY FOR A CORPORATE BOND OF A PUBLIC
UTILITY.

(E) (D) RATE ON TRANSFER OF CORPORATE PROPERTY.

FOR ARTICLES OF TRANSFER FILED WITH THE DEPARTMENT UNDER §
3-107 OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE, THE
RECORDATION TAX RATE IS $1.65. THE DEPARTMENT SHALL COLLECT THE
RECORDATION TAX WHEN THE ARTICLES OF TRANSFER ARE FILED.

(F) (E) RATE FOR SECURITY AGREEMENTS.

FOR A SECURITY AGREEMENT FILED ONLY WITH THE DEPARTMENT
UNDER § 9-401(1)(C) OF THE COMMERCIAL LAW ARTICLE, THE
RECORDATION TAX RATE IS $1.65. THE DEPARTMENT SHALL COLLECT THE
RECORDATION TAX WHEN THE SECURITY AGREEMENT IS FILED.

REVISOR'S NOTE: Subsection (a) of this section is new
language derived without substantive change from the
description of the units to which the recordation tax
rates in former Art. 81, § 277(b)(1), (s), and (t) are
applied.

Subsection (b) of this section is new language derived
from the first sentence of former Art. 81, § 277(g).

Subsections (c), (d), and (e) of this section are new
language derived without substantive change from the
first sentence of former Art. 81, § 277(s), as that
sentence related to the recordation tax rate on
instruments of writing filed under § 9-401(1)(c) of
the Maryland Uniform Commercial Code, the first
sentence of (t), as that sentence related to the
recordation tax rate on articles of transfer, and
from the fourth sentence of § 278, as that sentence
related to the recordation tax rate for certain public
utility bonds.

In subsections (a), (c), and (d) of this section and