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Indemnity Deeds of Trust (IDOT) Work Group
The Department of Assessments and Taxation chairs a current Workgroup for the Indemnity Deeds of Trust recordation tax enacted by the 2012 Special Session of the General Assembly. If you would like to offer comments or attend the group's next meeting, please send an e-mail to idot@dat.state.md.us
Indemnity Deeds of Trust (IDOT) Workgroup Final Report. The entire Final Report of the IDOT Workgroup is available by clicking on the link here. The Final Report and the items below are in PDF.
Testimony of Edward J. Levin, Esquire: Attached for posting on the webpage of the State Department of Assessments and Taxation devoted to the IDOT Workgroup are the following memoranda and form affidavits relating to the taxation of indemnity deeds of trust (IDOTs) as a result of Senate Bill 1302, effective July 1, 2012. To my knowledge and the knowledge of other members of the IDOT Workgroup, these are the only memoranda on this subject by Maryland officials that are in effect as of December 14, 2012. A summary which I prepared of these memoranda is also attached. This demonstrates the difference in opinions among the various jurisdictions which have issued memoranda, and it explains the confusion and inconsistency which has occurred following the effective date of Senate Bill 1302.
2. Baltimore County letter dated June 25, 2012
3. Revised Memorandum from Baltimore County dated September 6, 2012
4. Howard County memorandum entitled Recordation Tax -- Indemnity Deeds of Trust
5. Howard County Affidavit for Indemnity Deed of Trust (not for recording)
9. Montgomery County Affidavit for Indemnity Deed of Trust (not for recording)
11. Summary of Officials’ Memoranda Regarding IDOTs under SB 1302 as of December 14, 2012
Testimony of Richard E. Levine, Esquire; December 10, 2012
Meeting Minutes
July 25, 2012 August 22, 2012 September 21, 2012 October 24, 2012
November 13, 2012 November 27, 2012 December 3, 2012 December 10, 2012