§ 7-221
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/md/tax-property/7-221A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–221.
(a)Personal property is not subject to valuation or to property tax, if the personal property is owned by:
(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
(2)a federal or State chartered credit union.
(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.