Section 9-227 - Business personal property that is computer software. - Maryland Statutes

§ 9-227. Business personal property that is computer software.
 

(a)  Authorized.-  

(1) Except as provided in paragraph (2) of this subsection, the governing body of a county or municipal corporation may grant, by law, a property tax credit for up to 100% of the county or municipal property tax imposed on business personal property that is computer software. 

(2) A credit against the county or municipal property tax may not be granted for personal property already exempt from taxation under § 7-238(b) of this article. 

(b)  Procedures to determine amount of credit and conditions of eligibility.- The governing body of a county or municipal corporation may adopt procedures to determine the amount and the conditions of eligibility and method of application of the property tax credit. 
 

[1996, chs. 155, 156; 1997, ch. 14, § 1.]