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§ 6-112. Local taxes prohibited

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 6. Taxes and Fees
Subtitle 1. Taxes (Refs & Annos)
MD Code, Insurance, § 6-112
§ 6-112. Local taxes prohibited
Currentness
In general
(a) Except for a property tax, a county or municipal corporation of the State may not impose a tax on a person subject to taxation under this subtitle.
Shares of stock of a domestic corporation
(b) This section does not exempt shares of stock of a domestic corporation from the property tax and assessment merely because the shares are owned by a person subject to taxation under this subtitle.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1995, c. 352, § 10, eff. Oct. 1, 1997.
Formerly Art. 48A, § 640.
MD Code, Insurance, § 6-112, MD INSURANCE § 6-112
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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