State Codes and Statutes
Statutes > Maryland > Tax-property > Title-7 > Subtitle-5 > 7-507§ 7-507. Foreign import property.
If the Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation authorizes, by law, the stock in business consisting of foreign imports of a business engaged in importing is not subject to county or municipal corporation property tax if the foreign import is:
(1) in the possession of the business engaged in importing; and
(2) in its original package.
[An. Code 1957, art. 81, § 9A; 1985, ch. 8, § 2.]
