§ 7–240
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Prop. § 7-240 (2026)
Title 7. Property Tax Exemptions
Subtitle 2. General Property Tax Exemptions
§ 7–240LinkCopy Citation
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.