§ 9-227. Business personal property that is computer software

Latest version.

   (a) Authorized. --

   (1) Except as provided in paragraph (2) of this subsection, the governing body of a county or municipal corporation may grant, by law, a property tax credit for up to 100% of the county or municipal property tax imposed on business personal property that is computer software.

   (2) A credit against the county or municipal property tax may not be granted for personal property already exempt from taxation under § 7-238(b) of this article.

(b) Procedures to determine amount of credit and conditions of eligibility. -- The governing body of a county or municipal corporation may adopt procedures to determine the amount and the conditions of eligibility and method of application of the property tax credit.

HISTORY: 1996, chs. 155, 156; 1997, ch. 14, § 1.

                    
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