Section 7-104 - Exemptions - Abatement of tax.
§ 7-104. Exemptions - Abatement of tax.
(a) In general.- Except as provided in subsection (c) of this section and in §§ 7-202 and 7-215 of this title, property tax on wholly exempt property shall be abated for the taxable year that follows the date on which the property became exempt.
(b) Filing for exemption.- If an owner of property subject to an exemption on June 30 files an application for abatement on or before the following September 1 with the Department or the supervisor, the tax is abated for the taxable year.
(c) Transfer of exempt property.- If property that is exempt from property tax is transferred to a person whose use of the property qualifies the property for an exemption from the date of transfer, then the property tax shall be abated from that date if the transferee:
(1) files an application under § 7-103 of this subtitle on or before September 1 of the following taxable year; or
(2) files an application under § 7-225 of this title within 6 months after receipt of the first assessment notice which includes the manufacturing personal property that is issued after the date of the transfer.
(d) Tax exemption for manufacturing personal property.- If the owner of manufacturing personal property on January 1 files an application under § 7-225 of this title within 6 months after the date of the first assessment notice for a taxable year that includes the manufacturing personal property and the application is approved, the exemption shall be granted for that taxable year that appears on the assessment notice.
[An. Code 1957, art. 81, § 9E; 1985, ch. 8, § 2; ch. 51; 1998, ch. 344; 2004, ch. 497; 2009, ch. 363.]