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Session Laws, 1988
Volume 770, Page 5292   View pdf image
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VETOES

7-202.

(b)(1) Except as provided in subsection (c) of this
section, property is not subject to property tax if the property:

(i) is necessary for and actually used

exclusively for a charitable or educational purpose to promote
the general welfare of the people of the State, including an
activity or an athletic program of an educational institution;
and

(ii) is owned by:

1. a nonprofit hospital;

2. a nonprofit charitable, fraternal,

educational, or literary organization including:

A. a public library that is authorized
under Title 23 of the Education Article; and

B. a men's or women's club that is a
nonpolitical and nonstock club;

3. a corporation or trustee that holds
the property for the sole benefit of an organization that
qualifies for an exemption under this section; [or]

4. a nonprofit housing corporation; OR

5. A NONPROFIT HEALTH MAINTENANCE

ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAX UNDER §
501(C)(3) OF THE INTERNAL REVENUE CODE.

7-206.1.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(2) "HEALTH CARE SERVICES" HAS THE MEANING STATED IN
§ 19-701(D) OF THE HEALTH - GENERAL ARTICLE.

(3) "HEALTH MAINTENANCE ORGANIZATION" MEANS A HEALTH
MAINTENANCE ORGANIZATION, AS DEFINED UNDER § 19-701(E) OF THE
HEALTH - GENERAL ARTICLE, THAT;

(I)  HOLDS A CERTIFICATE OF AUTHORITY TO OPERATE
A HEALTH MAINTENANCE ORGANIZATION UNDER TITLE 19, SUBTITLE 7 OF
THE HEALTH - GENERAL ARTICLE;

(II)  IS EXEMPT FROM TAXATION UNDER § 501(C)(3)
OF THE INTERNAL REVENUE CODE; AND

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Session Laws, 1988
Volume 770, Page 5292   View pdf image
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