HARRY HUGHES, Governor

5141

FOR the purpose of permitting Prince George's County ,
Frederick, and Dorchester Counties and certain
municipalities to exempt certain property owned by the
subdivisions from certain county and municipal tax; and

authorizing certain subdivisions Anne Arundel,

Dorchester, Frederick and Prince George's Counties and
certain municipalities to provide for certain payments
in lieu of county or municipal taxes on certain
property owned by the subdivisions.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 8(7)(e)

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
read(s) as follows:

Article 81 - Revenue and Taxes

8.

The following property, except as in §§ 9, 9A, 9B, and.
10 provided, shall be subject to assessment to the owner
(except shares of stock which shall be subject to assessment
to the issuing corporation) and taxation for ordinary taxes
in this State and in the county and/or city specified below:

(7) No leasehold or other limited interest in real or
tangible personal property shall be subject to taxation
except the following which shall be subject to taxation in
the same amount and the same extent as though the person in
possession or the user thereof were the owner of such
property.

(e) The interest or privilege of any lessee,
bailee, pledgee, agent or other person in possession of or
using any real or personal property which is owned by the
federal or State governments, and which is leased, loaned,
or otherwise made available to any person, firm,
corporation, association, or other legal entity, with the
privilege to use or possess such property in connection with
a business conducted for profit, except where the use is by
way of a concession for occupancy of a public airport, park,
market, or fairground, which is available to the use of the
general public, shall be subject to taxation in the same
amount and to the same extent as though the lessee or user
were the owner of such property, provided, that the
foregoing shall not apply to federal or State property for
which negotiated payments are made in lieu of taxes by any