§ 7-304. Land trusts

MD Tax-Prop Code § 7-304 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    Property is not subject to State property tax if the property is:

(1)    owned by a land trust as defined in § 3-2A-01 of the Natural Resources Article that is certified by the Maryland Environmental Trust to be a land trust in good standing and to have a cooperative agreement in effect; and

(2)    used:

(i)    to assist in the preservation of a natural area;

(ii)    for the environmental education of the public;

(iii)    to conserve agricultural land and to promote continued agricultural use of the land;

(iv)    generally to promote conservation; or

(v)    for the maintenance of a natural area for public use or a sanctuary for wildlife.

(b)    To qualify for an exemption under this section, a land trust shall obtain a written certification every 5 years beginning July 1, 1998, or as scheduled by the Maryland Environmental Trust.