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PARRIS N. GLENDENING, Governor S.B. 437
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34-16.
(A) IN THIS SECTION, "RESIDENTIAL UNIT" INCLUDES:
(1) A HOUSE;
(2) AN APARTMENT;
(3) A RESIDENTIAL CONDOMINIUM;
(4) A MOBILE HOME; AND
(5) ANY OTHER STRUCTURE USED PRIMARILY AS A DWELLING.
(A) (B) (1) THE BOARD OF COUNTY COMMISSIONERS OF CECIL COUNTY
MAY IMPOSE, BY LAW, A DEVELOPMENT EXCISE TAX WHEN A SUBDIVISION LOT IS
INITIALLY SOLD OR TRANSFERRED, FOR FINANCING, IN WHOLE OR IN PART, THE
CAPITAL COSTS OF ADDITIONAL OR EXPANDED PUBLIC FACILITIES OR
IMPROVEMENTS IN THE COUNTY.
(2) (I) BEFORE PASSING A LOCAL LAW IMPOSING A DEVELOPMENT
EXCISE TAX OR ALTERING THE AMOUNT OF THE TAX, THE BOARD SHALL HOLD A
PUBLIC HEARING.
(II) NOTICE OF THE HEARING SHALL BE PUBLISHED IN AT LEAST
ONE NEWSPAPER OF GENERAL CIRCULATION IN CECIL COUNTY NOT LESS THAN 3 OR
MORE THAN 14 DAYS BEFORE THE HEARING.
(III) THE NOTICE SHALL STATE THE SUBJECT OF THE HEARING AND
THE TIME AND PLACE THAT THE HEARING WILL OCCUR.
(B) (C) A DEVELOPMENT EXCISE TAX IMPOSED UNDER THIS SECTION:
(1) SHALL BE:
(I) IMPOSED ON A COUNTY-WIDE BASIS, INCLUDING WITHIN
MUNICIPAL CORPORATIONS IN THE COUNTY, BASED ON A RATE PER SQUARE FOOT
OF DEVELOPMENT ON ALL NEW RESIDENTIAL UNITS; AND
(II) PAID AT THE TIME A BUILDING PERMIT IS ISSUED FOR THE
DEVELOPMENT OF PROPERTY ANY NEW RESIDENTIAL UNIT; AND
(2) MAY NOT EXCEED $3,500 PER LOT RESIDENTIAL UNIT.
(G) CD) THE BOARD SHALL ENTER INTO AGREEMENTS WITH MUNICIPAL
CORPORATIONS IN CECIL COUNTY THAT ISSUE BUILDING PERMITS FOR COLLECTION
OF THE DEVELOPMENT EXCISE TAX FOR DEVELOPMENT WITHIN THE MUNICIPAL
CORPORATIONS.
(D) (E) (1) THE BOARD OF COUNTY COMMISSIONERS SHALL DEPOSIT THE
REVENUE FROM THE DEVELOPMENT EXCISE TAX IN A SPECIAL ACCOUNT KNOWN AS
THE "PUBLIC CAPITAL FACILITIES IMPROVEMENT FUND".
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- 3865 -
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