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§ 7-223. Tax exempt status

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2013

West's Annotated Code of Maryland
Financial Institutions
Title 7. Credit Union Share Insurance
Subtitle 2. Credit Union Share Guaranty Corporations (Refs & Annos)
Effective: October 1, 2013
MD Code, Financial Institutions, § 7-223
§ 7-223. Tax exempt status
Currentness
A credit union share guaranty corporation that is a nonprofit corporation exempt from federal taxation under § 501(c)(6) of the Internal Revenue Code is exempt from all taxes imposed by the State or any of its subdivisions under:
(1) §§ 20-101, 20-104, 20-108, 20-113 through 20-127, 20-601, 20-603 through 20-609, 20-805, and 20-806, and Title 20, Subtitles 3 through 5 of the Local Government Article;
(2) Title 6, Subtitle 1 of the Insurance Article;
(3) The Tax--General Article; or
(4) The Tax--Property Article.

Credits

Added by Acts 2002, c. 540, § 1, eff. July 1, 2002. Amended by Acts 2013, c. 136, § 1, eff. Oct. 1, 2013.
MD Code, Financial Institutions, § 7-223, MD FIN INST § 7-223
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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