Md. Code Regs. 18.03.04.03

Current through Register Vol. 51, No. 18, September 6, 2024

Section 18.03.04.03 - Exempt Property

A computer program or computer hardware owned and used by a bank or trust company in connection with the processing of deposits or loans is not subject to valuation or property tax.

Md. Code Regs. 18.03.04.03

Regulations .03 adopted as an emergency provision effective March 16, 1996 (23:7 Md. R. 549); emergency status expired October 1, 1996; adopted permanently effective January 13, 1997 (24:1 Md. R. 30)