Maryland Code, TAX – PROPERTY 6-203
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Terms Used In Maryland Code, TAX - PROPERTY 6-203
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) Except as otherwise provided in this article, the governing body of a municipal corporation may impose municipal corporation property tax on those classes of property that it selects to be subject to municipal corporation property tax.
(b) The municipal corporation property tax is imposed only on assessments made under Title 8 of this article.