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Maryland Code — Tax-General + Tax-Property Articles

Md. Code Ann., Tax-Prop. § 7-240

§ 7-240

Official textmgaleg.maryland.gov

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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In this article (40 sections)
  1. gtp-7-220 · § 7-220
  2. gtp-7-221.1 · § 7-221.1
  3. gtp-7-221 · § 7-221
  4. gtp-7-222 · § 7-222
  5. gtp-7-223 · § 7-223
  6. gtp-7-224 · § 7-224
  7. gtp-7-225 · § 7-225
  8. gtp-7-226 · § 7-226
  9. gtp-7-227 · § 7-227
  10. gtp-7-229 · § 7-229
  11. gtp-7-230 · § 7-230
  12. gtp-7-231 · § 7-231
  13. gtp-7-232 · § 7-232
  14. gtp-7-233 · § 7-233
  15. gtp-7-234 · § 7-234
  16. gtp-7-235 · § 7-235
  17. gtp-7-236 · § 7-236
  18. gtp-7-237 · § 7-237
  19. gtp-7-238 · § 7-238
  20. gtp-7-239 · § 7-239
  21. gtp-7-240 · § 7-240
  22. gtp-7-241 · § 7-241
  23. gtp-7-242 · § 7-242
  24. gtp-7-243 · § 7-243
  25. gtp-7-244 · § 7-244
  26. gtp-7-245 · § 7-245
  27. gtp-7-246 · § 7-246
  28. gtp-7-247 · § 7-247
  29. gtp-7-248 · § 7-248
  30. gtp-7-249 · § 7-249
  31. gtp-7-250 · § 7-250
  32. gtp-7-301 · § 7-301
  33. gtp-7-302 · § 7-302
  34. gtp-7-303 · § 7-303
  35. gtp-7-304 · § 7-304
  36. gtp-7-305 · § 7-305
  37. gtp-7-306 · § 7-306
  38. gtp-7-307 · § 7-307
  39. gtp-7-401 · § 7-401
  40. gtp-7-501 · § 7-501
Full table of contents →