Ballard Spahr LLP: IDOTs at Risk in Maryland Legislature

By Gregory Reed and Christopher J. Fritz Indemnity deeds of trust (IDOTs) have been used for decades in Maryland to defer recordation taxes on commercial financing transactions. For the past several years bills have been introduced in the Maryland General Assembly seeking to tax IDOTs when they...

Troutman Sanders LLP: Important Maryland Legislation Update - Recordation Tax on Indemnity Deeds of Trust

By M. Kevin McCusty , Margaret "Ann" Ann Brown , R. Craig Fitzenreiter , Kimberly Hargrove and Jackson W. Prentice Indemnity deeds of trust (IDOTs) have historically been used in commercial finance transactions secured by real property located in the State of Maryland to avoid the payment...

Troutman Sanders LLP: Maryland Indemnity Deeds of Trust (IDOTs) to Become Subject to Recordation Tax

By M. Kevin McCusty , Margaret "Ann" Ann Brown , R. Craig Fitzenreiter , Kimberly Hargrove and Jackson W. Prentice On May 22, 2012, Maryland Governor Martin O'Malley signed into law the State and Local Revenue and Financing Act of 2012 which, among other things, makes indemnity mortgages...