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New Baltimore Yield Tax


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Effective January 11, 2019, Baltimore City will impose a new "Yield" tax, the proceeds of which are dedicated to the Affordable Housing Trust Fund. With certain exceptions, this tax applies to all transactions for which City Recordation and Transfer taxes are due pursuant to Balto. City Code, Art. 28, Subtitles 16 and 17, and for which the consideration exceeds $1,000,000.

The rate of the Yield Tax is:

 

  • 0.15% on the amount collected under Subtitle 16, Recordation Tax
  • 0.6% on the amount collected under Subtitle 17, Transfer Tax

 


Additional Information:

Baltimore City Code Article 28, Subtitle 17.1 Recordation and Transfer Taxes - Yield Excise Tax (PDF)

Maryland Transfer and Recordation Tax Table Revised January 3, 2019 (PDF)

Please contact an Underwriters at Fidelity NCS D.C. if you have questions. (PDF)


 
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Fidelity National Title Insurance Company
2018 Quarterly Webinar Series

 
OVERVIEW OF TAX CUTS AND JOBS ACT (TCJA):
The Impact On 1031 Exchanges - What Has And Has Not Changed
Brian McNulty
Presented by:
Brian McNulty
VP, Investment Property Exchange Services, Inc. (IPX1031)
 
On October 3, 2018, the DC NCS presented this live webinar.
 

To be added to the mailing list for future webinars, please email
MKlimkos@fnf.com

Note: CLE credit is not available for this webinar.