§ 6-112. Local tax prohibited

Latest version.

(a) In general. -- Except for a property tax, a county or municipal corporation of the State may not impose a tax on a person subject to taxation under this subtitle.

(b) Effect of section. -- This section does not exempt shares of stock of a domestic corporation from the property tax and assessment merely because the shares are owned by a person subject to taxation under this subtitle.

HISTORY: An. Code 1957, art. 48A, § 640; 1995, ch. 36; ch. 352, § 10.

                    
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