Maryland § 6-301
Full text of Maryland Maryland Code § 6-301, with citation guidance and answers to common questions.
§ 6-301.
(a) Except as provided in subsection (b) of this section, the Board of Public Works annually shall set the rates for State property tax for the next taxable year as authorized by the General Assembly.
(b) (1) Intangible personal property is subject to State property tax as otherwise provided in this title at the rate set annually by the Board of Public Works under subsection (a) of this section, if:
(i) the intangible personal property has paid interest or dividends during the 12 months that precede the date of finality;
(ii) interest or dividends were withheld on the intangible personal property during the 12 months that precede the date of finality to avoid the tax under this subsection;
(iii) the intangible personal property consists of newly issued bonds, certificates of indebtedness, or evidences of debt on which interest is not in default; or
(iv) a stock dividend has been declared on the intangible personal property during the 12 months that precede the date of finality.
(2) The State property tax rate for the intangible personal property may not exceed 15 cents for each $100 of an assessment.
Frequently Asked Questions About Maryland § 6-301
What does Maryland Code § 6-301 cover?
Section 6-301 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 6-301?
A common citation format is "Maryland Code § 6-301" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 6-301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.