2108

LAWS OF MARYLAND

Ch. 759

(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
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 40% of the increase in assessed
valuation of the property attributable to that
reconstruction.

(v) Thereafter, no exemption for the
purposes [[of this subsection]] STATED ABOVE shall be
allowed.

(4) FROM COUNTY TAXATION ONLY, UPON___A

RESOLUTION OR ORDINANCE BY THE COUNTY COMMISSIONERS, REAL
PROPERTY OWNED BY [[THE IZAAK WALTON LEAGUE, THE
FREDERICK COUNTY AGRICULTURAL SOCIETY, INC., OR OTHER]]
NON-PROFIT COMMUNITY OR CIVIC ASSOCIATIONS OR
CORPORATIONS WHICH IS USED EXCLUSIVELY FOR COMMUNITY,

CIVIC, EDUCATIONAL,__RECREATIONAL PURPOSES OR FOR THE

CONSERVATION OR PRESERVATION OF WILDLIFE. A PROPERTY

SHALL NOT__QUALIFY FOR THE CREDIT IF THE USE OF THE

PROPERTY IS CONTINGENT UPON THE PAYMENT OF ANY FEE OR
OTHER COMPENSATION OR IF THE FAILURE TO PAY A FEE OR

OTHER COMPENSATION IS A REASON TO DENY ADMISSION OR USE

OF THE PROPERTY. HOWEVER, ASSESSMENTS EXACTED AND

EMPLOYED SOLELY FOR THE IMPROVEMENT OR MAINTENANCE OF THE
PROPERTY DO NOT CONSTITUTE A "FEE OR OTHER COMPENSATION"
AS STATED HEREIN.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved May 17, 1976.

CHAPTER 760
(House Bill 1395)
AN ACT concerning

Higher Education — Scholarships