Maryland HB656 revokes tax-exempt status for nonprofits supporting terrorist organizations.

Maryland HB656 mandates the Comptroller and the Director of the State Department of Assessments and Taxation to regularly assess whether any nonprofit organization in the state has been designated as a terrorist-supporting organization. If such a designation is found, the Comptroller must revoke the organization's tax-exempt status for income, sales and use, and property taxes. The Comptroller must notify the organization and provide a chance to present information to prevent revocation. If the Comptroller decides to revoke the status, the Director must also revoke the property tax exemption.

Maryland HB656 revokes tax-exempt status for nonprofits supporting terrorist organizations.

Maryland HB656 mandates the Comptroller and the Director of the State Department of Assessments and Taxation to regularly assess whether any nonprofit organization in the state has been designated as a terrorist-supporting organization. If such a designation is found, the Comptroller must revoke the organization's tax-exempt status for income, sales and use, and property taxes. The Comptroller must notify the organization and provide a chance to present information to prevent revocation. If the Comptroller decides to revoke the status, the Director must also revoke the property tax exemption.