{"data":{"id":"us-md/md.-code-tax-property-7-240","jurisdiction":"us-md","citation":"Md. Code, Tax - Property § 7–240","heading":"","body":"Personal property is not subject to property tax if the property:\n(1) is owned by a nonprofit organization that:\n(i) is qualified as tax exempt under § 501(c)(4) of the Internal Revenue Code; and\n(ii) is engaged primarily in providing a program to render its best efforts to contain, clean up, and otherwise mitigate spills of oil or other substances occurring in United States coastal and tidal waters; and\n(2) is used for the purposes of the organization.","path":["Article - Tax - Property"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp\u0026section=7-240","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:27Z","sha256":"ab7ef9dc59fc7d8872a3feb017ff465d4f088fa22f870a482b65053bf9440c75","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-property-7-239","next":"us-md/md.-code-tax-property-7-241"},"notice":"GroundRules: Original legal text. Not legal advice."}