1444                                               LAWS OF MARYLAND                           [Ch. 352

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 9C(b) of Article 81 - Revenue and
Taxes, of the Annotated Code of Maryland (1969
Replacement Volume and 1973 Supplement) be and it is
hereby repealed and re-enacted, with amendments, to read
as follows:

Article 81 — Revenue and Taxes
9C.

(b) In Allegany County, (1) from county taxation
only, real and tangible personal property, owned directly
or indirectly by any bona fide labor union or unions, or
by any corporation whose capital stock is exclusively
owned by any bona fide labor union or unions, when such
property is used solely for the mutual benefit of its
members and not for profit, except, that any part of such
property which is commercially rented shall be taxable to
the extent of the commercial use on the fair value of the
rented property; (2) tangible personal property owned by
nonprofit television broadcast translator stations, which
are supported principally by public subscription; [and]
(3) from county taxation only, real property owned by a
religious [organization;] ORGANIZATION, which property is
located in LaVale and is leased to the LaVale Athletic
Association for the purpose of conducting athletic and
recreational programs for youth, but only when this
property is used solely and exclusively for the above
[purpose.] PURPOSE; AND (4) FROM COUNTY TAXATION ONLY,
REAL PROPERTY ON WHICH IMPROVEMENTS [[, WHICH ARE]] HAVE
BEEN MADE TO [[CERTIFIED]] HISTORIC AND ARCHITECTURALLY

SIGNIFICANT STRUCTURES AS CERTIFIED BY THE ALLEGANY

COUNTY COMMISSIONERS. [[WITHIN ALLEGANY COUNTY]] SO AS TO
ENCOURAGE IMPROVEMENT AND RECONSTRUCTION OF THOSE
PROPERTIES [[WITHIN THOSE AREAS]], ALL TO BE DONE
ACCORDING TO THE FOLLOWING SCHEDULE:

(I)    THE PROPERTY SHALL BE EXEMPT FROM REAL ESTATE
TAXATION TO THE EXTENT OF 100% OF THE INCREASE IN
ASSESSED VALUATION OF THE PROPERTY ATTRIBUTABLE TO THE
RECONSTRUCTION AND IMPROVEMENT. THIS EXEMPTION SHALL
OCCUR IN THE FIRST AND SECOND TAXABLE YEARS IN WHICH THE
IMPROVED STRUCTURE IS SUBJECT TO TAXATION.

(II)   FOR THE THIRD TAXABLE YEAR IN WHICH THE
IMPROVED STRUCTURE IS SUBJECT TO TAXATION, THE EXEMPTION
SHALL BE TO THE EXTENT OF 80% OF THE INCREASE IN ASSESSED
VALUATION OF THE PROPERTY ATTRIBUTABLE TO THAT
RECONSTRUCTION.

(III)  FOR THE FOURTH TAXABLE YEAR IN WHICH THE
IMPROVED STRUCTURE IS SUBJECT TO TAXATION, THE EXEMPTION
SHALL BE TO THE EXTENT OF 60% OF THE INCREASE IN ASSESSED