Md. Code, Tax - Property § 7-245
This is the official text of Md. Code, Tax - Property § 7-245, part of Maryland’s Code, Tax - Property — governs property taxation.
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§7–245.
Official statutory text
(a) A person’s personal property is not subject to valuation or to property tax if all of the person’s personal property statewide had a total original cost of less than $20,000.
(b) If the person attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:
(1) collect personal property information from the person; or
(2) require the person to submit a personal property tax return.
(b) If the person attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:
(1) collect personal property information from the person; or
(2) require the person to submit a personal property tax return.
Status: in_force · Read it on the official government site
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