State Codes and Statutes
Statutes > Maryland > Tax-property > Title-7 > Subtitle-2 > 7-243(Section effective December 31, 2010.)
§ 7-243. Heavy equipment property.
(a) "Heavy equipment property" defined.- In this section, "heavy equipment property" has the meaning stated in Article 24, § 9-609 of the Code.
(b) In general.- Heavy equipment property is not subject to the property tax if the property is subject to the gross receipts tax imposed under Article 24, § 9-609 of the Code.
[2010, ch. 337, § 2.]
