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

§ 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. 
 

[1997, ch. 382.]