If a computer program or computer hardware owned by a bank or trust company is used in both taxable and exempt activities, its taxable status is determined by the primary use of the property.

Authority: Tax-Property Article, §§2-201, 2-202, and 7-221.1, Annotated Code of Maryland

Effective date:

Regulations .01—.04 adopted as an emergency provision effective March 16, 1996 (23:7 Md. R. 549); emergency status expired October 1, 1996; adopted permanently effective January 13, 1997 (24:1 Md. R. 30)