§ 17.1-2 Transactions assessed; Tax rate.
Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., Code art. 28, § 17.1-2 (2026)
§ 17.1-2 Transactions assessed; Tax rate.LinkCopy Citation
(a)Transactions assessed.
The Yield Tax shall be assessed on those transactions whose value exceeds $1 million, as determined by Subtitles 16 and 17 of <cite data-path="|28">this article</cite> for the purposes of calculating the recordation and transfer taxes respectively.
(b)Tax rate.
The rate of tax shall be as follows:
(1)
15% on the amount collected under Subtitle 16 of <cite data-path="|28">this article</cite>; and
(2)
40% on the amount collected under Subtitle 17 of <cite data-path="|28">this article</cite>.
History: Ord. 18-215
History: Ord. 19-233