1090

LAWS OF MARYLAND

Ch. 410

ANY PERSON OF ANY DUTY OF EXERCISING REASONABLE CARE IN
SELECTING SECURITIES.

367M. SHORT TITLE

THIS ACT SHALL BE KNOWN AND MAY BE CITED AS THE
REDEVELOPMENT URBAN RENEWAL ACT.

SECTION 2. AND BE IT FURTHER ENACTED, That if any
provision of this subheading, or the application thereof
to any person or circumstances is held invalid, the
remainder of the subheading and the application of such
provision to persons or circumstances other than those as
to which it is held invalid, shall not be affected
thereby. The powers conferred by this subheading shall
be in addition and supplemental to the powers conferred
by any other law.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved May 4, 1976.

CHAPTER 411
(House Bill 690)

AN ACT concerning

Historical and Architectural Tax Credits

FOR the purpose of clarifying the authority of governing
bodies of political subdivisions of the State to
provide property tax credits on real property in
historical districts and authorizing the granting of
property tax credits on real property designated as
an historic or architectural landmark.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 12G(a) and (b)

Annotated Code of Maryland

(1975 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 12G(a) and (b) of Article 81 -
Revenue and Taxes, of the Annotated Code of Maryland
(1975 Replacement Volume and 1975 Supplement) be and they
are hereby repealed and reenacted, with amendments, to
read as follows: