MARVIN MANDEL, Governor                        1517

therein and appropriately modified or repealed, controls and regu-
lates exclusively the granting of any special tax credit for unsold or
unrented, newly constructed single family dwellings.

(b)    The owner of an unsold or unrented,, newly constructed
single family dwelling is entitled, upon application to the newly
governing body of Charles County to receive a tax credit equal to
one half of the property taxes imposed upon the assessed value of the
dwelling, excluding land, for the period during which the dwell-
ing remains unsold or unrented immediately following construction.
Tax credits hereunder shall be available only over one continuous
period of time for any dwelling and shall not apply to a dwelling
which has previously been occupied. Provided, however, that im-
mediately on or before the date of occupancy, and regardless of
whether the dwelling is sold, rented or merely occupied, the applicant
for a tax credit shall send to the Department of Assessment and
taxation for GOVERNING BODY OF Charles County an appropriate
notice that said dwelling has been sold, rented or occupied. Failure
to comply with the provisions of this section shall result in the im-
mediate forfeiture of all tax credits which have been applied to the
dwelling unit concerned.

(c)    The governing body of Charles County may further provide
for the procedure applying to any such tax credit, in a manner not
inconsistent with this section.

(d)    The tax credit provided for in this section shall be appli-
cable to taxation in Charles County only. Nothing contained in this
section shall be construed or shall be applied to change the normal
and regular assessment procedures which are applicable in Charles
County.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 14, 1969.

CHAPTER 679
(House Bill 632)

AN ACT to repeal and re-enact, with amendments, Section 19 of
Article 81 of the Annotated Code of Maryland (1968 Supplement),
title "Revenue and Taxes," subtitle "Method of Assessment," to
provide for the valuing and assessing of real estate, improvements,
mineral rights and subdivisions in Charles County. CHANGE
THE BASIS FOR ASSESSMENT OF LANDS IN CALVERT
AND CHARLES COUNTIES WHICH ARE INTENDED FOR
SUBDIVISION USE.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 19 of Article 81 of the Annotated Code of Maryland
(1968 Supplement), title "Revenue and Taxes," subtitle "Method of
Assessment," be and it is hereby repealed and re-enacted, with
amendments, to read as follows: