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2041
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HARRY HUGHES, Governor
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The following property, except as in §§ 9, 9A, 9B, and 10
provided, shall be subject to assessment to the owner (except
shares of stock which shall be subject to assessment to the
issuing corporation) and taxation for ordinary taxes in this
State and in the county and/or city specified below:
(7) No leasehold or other limited interest in real or
tangible personal property shall be subject: to taxation except
the following which shall be subject to taxation in the same
amount and the same extent as though the person in possession or
the user thereof were the owner of such property.
(e) (1)(I) The interest or privilege of any
lessee, bailee, pledgee, agent or other person in possession of
or using any real or personal property which is owned by the
federal or State, STATE, COUNTY, OR MUNICIPAL governments, and
which is leased, loaned, or otherwise made available to any
person, firm, corporation, association, or other legal entity,
with the privilege to use or possess such property in connection
with a business conducted for profit[, except where the use is by
way of a concession for occupancy of a public airport, park,
market, or fairground, which is available to the use of the
general public,] shall be subject to taxation in the same amount
and to the same extent as though the lessee or user were the
owner of such property.[, provided, that the foregoing shall]
(II) SUBPARAGRAPH (I) OF THIS PARAGRAPH
DOES not apply to [federal]:
1. FEDERAL or State property for which
negotiated payments are made in lieu of taxes by any of the
aforesaid owners!, nor shall it apply to any];
2. ANY personal property which is owned
by the federal or State governments and which is in the
possession of any person, persons or corporation pursuant to a
contract with such federal or State governments for (1) the
manufacture, construction or assembling of equipment, supplies or
component parts thereof, to be used for national defense
purposes, or (2) research or development for national defense
purposes!, nor shall it apply to port];
3. PORT facilities owned by the federal
or State governments (or any agencies or instrumentality thereof)
or by any political subdivision of the State of Maryland. [The
foregoing shall apply]
(III) SUBPARAGRAPH (I) OF THIS PARAGRAPH
APPLIES to an international trade center (referred to in § 6-101
(d)(4) of the Transportation Article) owned by the State
government (or any agency or instrumentality thereof) unless
negotiated payments in lieu of taxes or voluntary contributions
are made by the aforesaid owner. [Provided further that for]
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