2013 Maryland Code
FINANCIAL INSTITUTIONS
§ 7-223 - Nonprofit corporations [Effective until October 1, 2013].
§7-223.
A credit union share guaranty corporation that is a nonprofit corporation exempt from federal taxation under § 501(c)(6) of the Internal Revenue Code is exempt from all taxes imposed by the State or any of its subdivisions under:
(1) Article 24, Title 9 of the Code;
(2) Title 6, Subtitle 1 of the Insurance Article;
(3) The Tax - General Article; or
(4) The Tax - Property Article.
§ 7-223 - Nonprofit corporations [Effective October 1, 2013].
A credit union share guaranty corporation that is a nonprofit corporation exempt from federal taxation under § 501(c)(6) of the Internal Revenue Code is exempt from all taxes imposed by the State or any of its subdivisions under:
(1) §§ 20-101, 20-104, 20-108, 20-113 through 20-127, 20-601, 20-603 through 20-609, 20-805, and 20-806, and Title 20, Subtitles 3 through 5 of the Local Government Article;
(2) Title 6, Subtitle 1 of the Insurance Article;
(3) The Tax - General Article; or
(4) The Tax - Property Article.
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