# Tax - Property (GTP)

## Title 7. Property Tax Exemptions

### Subtitle 2. General Property Tax Exemptions

#### Section 7-240

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 Sec. 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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Md. Code Ann., Tax-Prop. (as displayed at mgaleg.maryland.gov, October 16, 2026)