196

LAWS OF MARYLAND

Ch. 8

In item (l)(iii) of this section, the former reference
to the phrase "in this State", which related to the
location of the councils, units, and troops, is
deleted as superfluous.

Defined terms: "Property" § 1-101
"Property tax" § 1-101

7-234. VETERANS' ORGANIZATIONS.

PROPERTY IS NOT SUBJECT TO PROPERTY TAX IF THE PROPERTY:

(1)  IS OWNED BY:

(I)  A NATIONAL ORGANIZATION OF VETERANS OF THE
UNITED STATES ARMED SERVICES; OR

(II)  ANY DEPARTMENT, STATE OR LOCAL UNIT,
CHAPTER, BRANCH, OR POST OF A NATIONAL ORGANIZATION OF VETERANS
OF THE UNITED STATES ARMED SERVICES, INCLUDING:

1.  THE 29TH DIVISION ASSOCIATION OF WORLD
WAR I; OR

2.  THE SOCIETY OF THE CINCINNATI OF
MARYLAND; AND

(2)  IS NECESSARY FOR AND ACTUALLY USED EXCLUSIVELY
FOR THE PURPOSES OF ANY OF THESE ORGANIZATIONS.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, § 9(a)
and (f).

In item (1) of this section, the former references to
"whether or not incorporated by the United States
Congress", and "whether incorporated or not", as it
related to the character of the veterans'
organizations, are deleted as superfluous.

Defined terms: "Includes";"including" § 1-101
"Property" § 1-101 "Property tax" § 1-101

SUBTITLE 3. STATE PROPERTY TAX EXEMPTION.

7-301. PERSONAL PROPERTY -- STATE PROPERTY TAX EXEMPTION.

(A) IN GENERAL.

EXCEPT FOR THE REAL PROPERTY PART OF OPERATING PROPERTY
UNDER § 6-103 OF THIS ARTICLE, ALL PERSONAL PROPERTY IS EXEMPT
FROM THE STATE PROPERTY TAX EFFECTIVE ON THE REPAYMENT OF ALL
STATE BONDS THAT ARE OUTSTANDING OR AUTHORIZED ON OR BEFORE JUNE
30, 1984, AND TO WHICH A STATE PROPERTY TAX ON ASSESSED PROPERTY
IS PLEDGED.