{"data":{"id":"us-md/md.-code-tax-property-7-221","jurisdiction":"us-md","citation":"Md. Code, Tax - Property § 7–221","heading":"","body":"(a) Personal property is not subject to valuation or to property tax, if the personal property is owned by:\n(1) a financial institution as defined in § 8-101(c) of the Tax - General Article other than a savings and loan association as defined in § 7-221.1 of this subtitle; or\n(2) a federal or State chartered credit union.\n(b) This exemption does not include any personal property that is leased, loaned, or made available by the institution for the use of a person whose business is not that of the institution.","path":["Article - Tax - Property"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp\u0026section=7-221","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:27Z","sha256":"b147aee43a0c184efab05e3ec25d63f6dad16d3fb2618884c5865a9293414724","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-property-7-220","next":"us-md/md.-code-tax-property-7-221.1"},"notice":"GroundRules: Original legal text. Not legal advice."}