Transfer of Real Property - Recordation Certification and State Transfer Tax (Land Transfer Accountability Act)

SB 725 requires a special "Certificate of Compliance" from the Attorney General and Department of Assessments and Taxation before property transfers from the U.S. government to private individuals or entities can be recorded by local courts. The certificate confirms the transfer complies with state and federal laws, and the agencies must review these transactions within a set timeframe. The bill also establishes a new state transfer tax rate specifically for properties previously owned by the U.S. government. This affects private buyers of federal land and local court clerks who must verify the certificate before recording deeds. The law applies only to transfers where the U.S. is the previous owner, not to standard property sales.