2550                                          LAWS OF MARYLAND                      [Ch. 737

(House Bill 683)
AN ACT concerning

Howard County — Tax Credits

FOR the purpose of providing a tax credit in Howard
County for a limited period of time for unsold or
unrented newly constructed single family dwellings,
and relating generally to this tax credit.

BY adding to

Article 81 — Revenue and Taxes

Section 12G-3

Annotated Code of Maryland

(1969 Replacement Volume and 1973 Supplement)

Preamble

WHEREAS, Chapter 712 of the Laws of Maryland of 1970

enacted a special tax credit for Howard County with

respect to unsold or unrented newly constructed single
family dwellings; and

WHEREAS, Chapter 712 contained a provision which
provided for the automatic expiration of the law on June
30, 1973, without any further action by the General
Assembly; and

WHEREAS, The purpose of this Act is to re—enact the
provision of Chapter 712; now, therefore,

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 12G-3 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
12G-3.

(A) IN HOWARD COUNTY, THIS     SECTION, TO THE

EXCLUSION OF ANY OTHER PUBLIC GENERAL  OR PUBLIC LOCAL LAW

(UNLESS THIS SECTION IS SPECIFICALLY   REFERRED TO THEREIN
AND APPROPRIATELY MODIFIED OR REPEALED), CONTROLS AND

REGULATES EXCLUSIVELY THE GRANTING     OF ANY SPECIAL TAX

CREDIT FOR UNSOLD OR UNRENTED, NEWLY CONSTRUCTED SINGLE
FAMILY DWELLINGS.