Md. Code, Fin. Inst. § 7-223

Current with changes from the 2024 Legislative Session

Section 7-223 - Nonprofit corporations

A credit union share guaranty corporation that is a nonprofit corporation exempt from federal taxation under § 501(c)(6) of the Internal Revenue Code is exempt from all taxes imposed by the State or any of its subdivisions under:

(1) §§ 20-101, 20-104, 20-108, 20-113 through 20-127, 20-601, 20-603 through 20-609, 20-805, and 20-806, and Title 20, Subtitles 3 through 5 of the Local Government Article;

(2) Title 6, Subtitle 1 of the Insurance Article;

(3) The Tax - General Article; or

(4) The Tax - Property Article.

Md. Code, FI § 7-223

Amended by 2013 Md. Laws, Ch. 136, Sec. 1, eff. 10/1/2013.