BLAIR LEE III, Acting Governor                        2235

shall take effect July 1, 1978.
Approved May 16, 1978.

CHAPTER 762

(House Bill 1879)

AN ACT concerning

Montgomery County - Nonprofit Housing Property

Tax Exemption

MC 303-78

FOR the purpose of making eligible for exemption from real
property taxation and for payments in lieu of taxes
certain housing for low income families constructed
after a certain date in Montgomery County.

BY repealing and reenacting, without amendments,

Article 81 — Revenue and Taxes

Section 9(a)

Annotated Code of Maryland

(1975 Replacement Volume and 1977 Supplement)

BY repealing and reenacting, with amendments,

Article 81 — Revenue and Taxes

Section 9(n-1)

Annotated Code of Maryland

(1975 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 81 — Revenue and Taxes

9.

(a) The following real and tangible personal property
shall be exempt from assessment and from State, county and
city ordinary taxation, except as otherwise stated herein,
each and all of which exemptions shall be strictly
construed:

(n-1) Real property owned by institutions or
organizations exempt under subsection (e) of this section or
by a nonprofit corporation exempted from income taxation
under § 288 (d) of this article, if the institution,
organization, or corporation is engaged solely in the
construction, operation, and management of rental housing