Providing an exemption from personal property tax for property that is owned by a business that has organized under the laws of Maryland during the current tax year or that has relocated its headquarters to Maryland during the current tax year; exempting certain personal property from a property tax imposed by a county or municipal corporation for all taxable years beginning after June 30, 2021; providing that certain personal property remains subject to county or municipal corporation property tax; etc.
Bill File Type: Regular
Effective Date(s): June 1, 2019
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
( 7-246, 7-402 )
Last Updated: 2/3/2020 2:31 PM