§ 7-221. Personal property -- Financial institution property.

MD Tax-Prop Code § 7-221 (2019) (N/A)
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(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.