Md. Code, Tax-Prop. § 7-240

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024

Section 7-240 - Property of nonprofit organization engaged in containment of coastal and tidal oil spills

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.

Md. Code, TP § 7-240