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§ 7-304. Land trusts

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 7. Property Tax Exemptions
Subtitle 3. State Property Tax Exemption
MD Code, Tax - Property, § 7-304
§ 7-304. Land trusts
Currentness
In general
(a) Property is not subject to State property tax if the property is:
(1) owned by a land trust as defined in § 3-2A-01 of the Natural Resources Article that is certified by the Maryland Environmental Trust to be a land trust in good standing and to have a cooperative agreement in effect; and
(2) used:
(i) to assist in the preservation of a natural area;
(ii) for the environmental education of the public;
(iii) to conserve agricultural land and to promote continued agricultural use of the land;
(iv) generally to promote conservation; or
(v) for the maintenance of a natural area for public use or a sanctuary for wildlife.
Written certification
(b) To qualify for an exemption under this section, a land trust shall obtain a written certification every 5 years beginning July 1, 1998, or as scheduled by the Maryland Environmental Trust.

Credits

Added by Acts 1998, c. 355, § 1, eff. June 1, 1998.
MD Code, Tax - Property, § 7-304, MD TAX PROPERTY § 7-304
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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