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2013 Maryland Code
TAX - PROPERTY
§ 7-222 - Personal property -- Business stock property


MD Tax-Prop Code § 7-222 (2013) What's This?

§7-222.

(a) Except as provided in § 7-109 of this title and in subsection (b) of this section, the stock in business of a person engaged in a manufacturing or commercial business is not subject to property tax.

(b) Except as provided by § 7-108 of this title, the personal property described in subsection (a) of this section is subject to a county property tax on 35% of its assessment in Wicomico County.

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