2236

LAWS OF MARYLAND

[Ch. 3 76

(U) IN WASHINGTON COUNTY, FROM COUNTY TAXATION
ONLY, REAL PROPERTY ON WHICH IMPROVEMENTS ARE MADE TO
EXISTING STRUCTURES WITHIN AND CONTROLLED BY ANY HISTORIC
DISTRICT IN WASHINGTON COUNTY SO AS TO ENCOURAGE
IMPROVEMENT AND RECONSTRUCTION OF THOSE PROPERTIES
LOCATED 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 PERCENT 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 PERCENT 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 PERCENT OF THE INCREASE IN
ASSESSED VALUATION OF THE PROPERTY ATTRIBUTABLE TO THAT
RECONSTRUCTION.

(IV)   FOR THE FIFTH TAXABLE YEAR IN WHICH THE
IMPROVED STRUCTURE IS SUBJECT TO TAXATION, THE EXEMPTION
SHALL BE TO THE EXTENT OF 10 PERCENT OF THE INCREASE IN
ASSESSED VALUATION OF THE PROPERTY ATTRIBUTABLE TO THAT
RECONSTRUCTION.

(V)    THEREAFTER, AN EXEMPTION FOR THE
PURPOSES OF THIS SUBSECTION MAY NOT BE ALLOWED.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 377
(Senate Bill 972)

AN ACT concerning

Health — Costs of Care