§ 9-239. Electricity generation facilities
West's Annotated Code of MarylandTax-PropertyEffective: October 1, 2010
Effective: October 1, 2010
MD Code, Tax - Property, § 9-239
§ 9-239. Electricity generation facilities
(4) “Machinery and equipment of an existing electricity generation facility” means machinery and equipment used in the generation of electricity and added as part of an expansion of an existing electricity generation facility for the purpose of increasing electricity production at the existing electricity generation facility.
(b) Except as provided in subsection (c) of this section, to the extent that a county grants a personal property tax credit for the machinery and equipment of a new electricity generation facility or the machinery and equipment of an existing electricity generation facility, the machinery and equipment may not be treated as taxable personal property for the purpose of computing any payments of State aid to education under § 5-202 of the Education Article or other payments of State aid to counties or municipal corporations that by law are based on the assessment of property.
(c) Subsection (b) of this section does not apply to any personal property unless the county submits to the Department, on or before October 31 of the taxable year for which the tax credit for the property is granted, the information required under § 9-201(b) of this subtitle regarding the tax credit.
Credits
Added by Acts 2001, c. 367, § 1, eff. June 1, 2001. Amended by Acts 2010, c. 52, § 1, eff. Oct. 1, 2010; Acts 2012, c. 66, § 6, eff. Oct. 1, 2012.
MD Code, Tax - Property, § 9-239, MD TAX PROPERTY § 9-239
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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