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Maryland Code, Tax-Property § 7-240

Current as of January 01, 2025 | Updated by Findlaw Staff

Personal property is not subject to property tax if the property:

(1) is owned by a nonprofit organization that:

(i) is qualified as tax exempt under § 501(c)(4) of the Internal Revenue Code; and

(ii) is engaged primarily in providing a program to render its best efforts to contain, clean up, and otherwise mitigate spills of oil or other substances occurring in United States coastal and tidal waters; and

(2) is used for the purposes of the organization.

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Cite this article: FindLaw.com - Maryland Code, Tax-Property § 7-240 - last updated January 01, 2025 | https://codes.findlaw.com/md/tax-property/md-code-tax-property-sect-7-240/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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