Maryland § 7-302
Full text of Maryland Maryland Code § 7-302, with citation guidance and answers to common questions.
§ 7-302.
(a) Real property is not subject to State property tax if the property:
(1) is owned by the American Association of Blood Banks, Incorporated; or
(2) is leased by the American Association of Blood Banks, Incorporated under a lease of 50 years or more.
(b) The property tax exemption under this section only applies to that portion of the property that is necessary for and actually used exclusively for the charitable or educational purposes of the American Association of Blood Banks, Incorporated.
(c) The property tax exemption under this section only applies for any taxable year for which a property tax credit for the property described in subsection (a) of this section is granted by the governing body of Montgomery County under § 9-317 of this article.
Frequently Asked Questions About Maryland § 7-302
What does Maryland Code § 7-302 cover?
Section 7-302 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 § 7-302?
A common citation format is "Maryland Code § 7-302" (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 § 7-302 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.