1384                                        LAWS OF MARYLAND                       [Ch. 320

Land — Valuation for Property Taxation

FOR the purpose of establishing the valuation of certain
land on which certain agreements have been made for
the purpose of property taxation,

BY adding to

Article 81 — Revenue and Taxes

Section 19 (a) (8)

Annotated Code of Maryland

(1969 Replacement Volume and 1973 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 19(a)(8) be and it is hereby
added to Article 81 — Revenue and Taxes, of the Annotated
Code of Maryland (1969 Replacement Volume and 1973
Supplement) to read as follows:

Article 81 — Revenue and Taxes
19.

(a)

(8) ANY LAND ON WHICH AN EASEMENT OR OTHER
INTEREST WHICH HAS BEEN CONVEYED OR ASSIGNED TO THE
NATURE CONSERVANCY OR TO THE FEDERAL, STATE, OR LOCAL
GOVERNMENT OR AGENCY THEREOF, AND WHICH LIMITS THE USE OF
THE LAND IN A MANNER TO PRESERVE THE NATURAL OPEN
CHARACTER IN PERPETUITY OR FOR A FIXED PERIOD OF TIME,
SHALL BE VALUED TO GIVE EFFECT TO THE LIMITATION ON THE
USE. "NATURAL OPEN CHARACTER" MEANS AN AREA
CHARACTERIZED BY GREAT NATURAL SCENIC BEAUTY OR WHOSE
EXISTING OPENNESS, NATURAL CONDITION, AND PRESENT STATE
OF USE, IF RETAINED, WOULD ENHANCE THE PRESENT OR
POTENTIAL VALUE OF ABUTTING OR SURROUNDING DEVELOPMENT OR
MAINTAIN OR ENHANCE THE CONSERVATION OF NATURAL OR SCENIC
RESOURCES.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.

Approved April 30, 1974.

CHAPTER 321