If title to personal property is in one person and possession or control of the property in another, as lessee, custodian, consignee, bailee, or otherwise, either the title holder or person in possession or control is considered to be the owner of the property for purpose of property taxation.

Authority: Tax-Property Article, §§2-201, 2-202, 5-101, 8-101(c), and 8-107, Annotated Code of Maryland

Effective date: January 7, 1982 (8:26 Md. R. 2106)

Regulation .03 amended effective September 19, 1988 (15:19 Md. R. 2248)

Regulation .05 amended effective September 19, 1988 (15:19 Md. R. 2248)

Regulation .05B amended effective June 5, 1995 (22:11 Md. R. 823)

Chapter revised effective March 11, 1996 (23:5 Md. R. 383)

Regulation .02 amended effective October 31, 2022 (49:22 Md. R. 980)

Regulation .02A amended effective April 24, 2006 (33:8 Md. R. 734)

Regulation .02B amended effective January 1, 1997 (23:25 Md. R. 1786); April 29, 2002 (29:8 Md. R. 701); April 24, 2006 (33:8 Md. R. 734)