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§ 7-248. Qualified data center personal property

West's Annotated Code of MarylandTax-PropertyEffective: July 1, 2020

West's Annotated Code of Maryland
Tax-Property
Title 7. Property Tax Exemptions
Subtitle 2. General Property Tax Exemptions
Effective: July 1, 2020
MD Code, Tax - Property, § 7-248
§ 7-248. Qualified data center personal property
Definitions
(a) In this section, “qualified data center” and “qualified data center personal property” have the meanings stated in § 11-239 of the Tax--General Article.
In general
(b) The governing body of a county or municipal corporation may reduce or eliminate, by law, the percentage of the assessment of any qualified data center personal property used in a qualified data center that is subject to the county or municipal corporation property tax under this title.
Submitting reduction or elimination of assessment to Department
(c)(1) A county or municipal corporation that reduces or eliminates the percentage of assessment of taxable qualified data center personal property under subsection (b) of this section shall submit a copy of the law to the Department.
(2) If the Department receives a copy of the law on or before May 1, the change will be effective for the taxable year following the date the law is enacted.
Affect of exemption of county property tax on municipal corporation property tax
(d) If any qualified data center personal property is exempt under subsection (c) of this section from county property tax but is subject to municipal corporation property tax, the Department or the supervisor shall provide the municipal corporation with the assessment of the qualified data center personal property.
Adoption of regulations
(e) The Department may adopt regulations to implement this section.

Credits

Added by Acts 2020, c. 640, § 2, eff. July 1, 2020.
MD Code, Tax - Property, § 7-248, MD TAX PROPERTY § 7-248
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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