Maryland SB369 alters tax and judgment enforcement exemptions for nonprofit housing corporations.
Maryland SB369 modifies the tax and judgment enforcement exemptions for nonprofit housing corporations. It exempts certain real property of these corporations from state and local taxes and special assessments, as well as from levy and sale by virtue of an execution. The bill also ensures that a judgment against a nonprofit housing corporation does not become a charge or lien on its real property used as housing for persons of eligible income.
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