§ 7-237. Machinery or equipment to generate electricity; property tax exemption
West's Annotated Code of MarylandTax-PropertyEffective: July 1, 2023
Effective: July 1, 2023
MD Code, Tax - Property, § 7-237
§ 7-237. Machinery or equipment to generate electricity; property tax exemption
(a) Except as provided in subsection (b) of this section, personal property is exempt from property tax if the property is machinery or equipment used to generate:
(b) Subject to § 7-514 of this title, and except as provided in subsection (c) of this section, personal property that is machinery or equipment described in subsection (a) of this section is subject to county or municipal corporation property tax on:
(c)(1)(i) In this subsection the following words have the meanings indicated.
(4) On or before October 1 each year, the Department shall report to the Senate Budget and Taxation Committee and the House Ways and Means Committee, in accordance with § 2-1257 of the State Government Article, on the number and location of projects that, in the immediately preceding taxable year, have received the exemption under this subsection.
Credits
Added by Acts 1999, c. 5, § 1, eff. Jan. 1, 2000. Amended by Acts 1999, c. 6, § 1, eff. Jan. 1, 2000; Acts 2000, c. 526, § 1, eff. Oct. 1, 2000; Acts 2007, 1st Sp. Sess., c. 2, § 4, eff. Jan. 1, 2008; Acts 2018, c. 69, § 1, eff. April 10, 2018; Acts 2022, c. 38, § 4, eff. June 1, 2022; Acts 2022, c. 415, § 1, eff. June 1, 2022; Acts 2022, c. 658, § 1, eff. June 1, 2022; Acts 2022, c. 659, § 1, eff. June 1, 2022; Acts 2023, c. 652, § 1, eff. July 1, 2023.
MD Code, Tax - Property, § 7-237, MD TAX PROPERTY § 7-237
Current through legislation effective through April 25, 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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