§ 7-304. Land trusts

   (a) In general. -- Property is not subject to State property tax if the property is:

   (1) owned by a land trust as defined in § 3-2A-01 of the Natural Resources Article that is certified by the Maryland Environmental Trust to be a land trust in good standing and to have a cooperative agreement in effect; and

   (2) used:

      (i) to assist in the preservation of a natural area;

      (ii) for the environmental education of the public;

      (iii) to conserve agricultural land and to promote continued agricultural use of the land;

      (iv) generally to promote conservation; or

      (v) for the maintenance of a natural area for public use or a sanctuary for wildlife.

(b) Certification required. -- To qualify for an exemption under this section, a land trust shall obtain a written certification every 5 years beginning July 1, 1998, or as scheduled by the Maryland Environmental Trust.

HISTORY: 1998, ch. 355.