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3623
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MARVIN MANDEL, Governor
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SECTION 2. AND BE IT FURTHER ENACTED, That Section
9(j) of Article 81 - Revenue and Taxes, of the Annotated
Code of Maryland (1975 Replacement Volume and 1976
Supplement) be and it is hereby repealed and reenacted,
with amendments, to read as follows:
Article 81 - Revenue and Taxes
9.
(j) (1) Property owned by any nonprofit
incorporated fire company or rescue squad, and actually
used exclusively for the purposes of the organization,
and necessary for its purposes, including land used for
training and fund raising carnivals or bazaars; OR LAND
OWNED BY ANY NONPROFIT INCORPORATED FIRE COMPANY OR
RESCUE SQUAD AND HELD IN ITS ADVANCED LAND ACQUISITION
PROGRAM.
(2) FOR ALL TAXABLE YEARS BEGINNING AFTER
JUNE 30, 1974, ANY NONPROFIT INCORPORATED FIRE COMPANY OR
RESCUE SQUAD DOES NOT LOSE ITS EXEMPTION WHERE IT LEASES
ITS PROPERTY FOR NOT MORE THAN 60 DAYS DURING ANY
12-MONTH PERIOD SO LONG AS THE PROCEEDS
ARE USED EXCLUSIVELY FOR THE PURPOSES OF THE
ORGANIZATION. THEIR EXEMPTION IS NOT EFFECTED BY THE
FACT THAT THE LEASED PROPERTY IS HELD BY THE FIRE COMPANY
OR RESCUE SQUAD FOR TRAINING OR FUND RAISING PURPOSES, OR
HELD BY THEM UNDER THEIR ADVANCED LAND ACQUISITION
PROGRAM.
(2) AFTER THE DATE OF FINALITY OF JANUARY 1,
1973, PROPERTY OWNED BY ANY NONPROFIT INCORPORATED FIRE
COMPANY OR RESCUE SQUAD WHICH IS (1) LEASED FOR NOT MORE
THAN 60 DAYS DURING ANY 12-MONTH PERIOD AND WHERE THE USE
OF THE PROPERTY IS RELATED TO, OR FAIRLY INCIDENTAL TO
THE PURPOSES OF THE ORGANIZATION FIRE COMPANY OR RESCUE
SQUAD AND THE RENT RECEIVED FROM THE LEASED PROPERTY IS
USED EXCLUSIVELY FOR THE PURPOSES OF THE ORGANIZATION
FIRE COMPANY OR RESCUE SQUAD; OR (II) LEASED TO ANY
NONPROFIT ORGANIZATION WHERE THE USE OF THE PROPERTY IS
RELATED TO, OR FAIRLY INCIDENTAL TO THE PURPOSES OF THE
FIRE COMPANY OR RESCUE SQUAD AND THE RENT RECEIVED FROM
THE LEASED PROPERTY IS USED EXCLUSIVELY FOR THE PURPOSES
OF THE FIRE COMPANY OR RESCUE SQUAD.
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SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 26, 1977.
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CHAPTER 964
(House Bill 1389)
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