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1338 LAWS OF MARYLAND Ch. 40
improved structure is subject to taxation, the exemption
CREDIT 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
CREDIT shall be to the extent of 40[%] PERCENT of the
increase in assessed valuation of the property
attributable to that reconstruction.
(v) Thereafter, no exemption CREDIT for the
purposes of this subsection PARAGRAPH shall be allowed.
[(b—1) In Allegany County, from county and city
ordinary taxation, the real and tangible personal
property owned by the South Cumberland Business and Civic
Association, Inc. and known as the South Cumberland
Civic Center. ]
[(b—2) In Allegany County, from county and
special district ordinary taxation, the real and tangible
personal property owned by the Cresaptown Civic
Improvement Association, Inc.]
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[(e-1) In Calvert County, real property owned
by the Calvert County Sportsmen's Club, Inc.]
(f) In Calvert County [and Carroll County], (1)
from county taxation only, real property owned by a
nonprofit community or civic improvement association or
corporation, which is devoted to and used exclusively for
community, civic, educational, or library purposes, and
where [such] THIS use is not contingent upon the payment
of any fee or other compensation, and failure to pay any
[such] fee or other compensation is not a reason to deny
admission to or use of this property. Assessments
exacted and employed by the association or corporation
solely for the improvement or maintenance of the property
are not "fees or other compensation" under the terms of
this paragraph; AND (2) FROM COUNTY TAXATION ONLY, REAL
PROPERTY OWNED BY THE CALVERT COUNTY SPORTSMEN'S CLUB,
INC.
(F-2) IN CARROLL COUNTY, FROM COUNTY TAXATION ONLY,
REAL PROPERTY OWNED BY A NONPROFIT COMMUNITY OR CIVIC
IMPROVEMENT ASSOCIATION OR CORPORATION, WHICH IS DEVOTED
TO AND USED EXCLUSIVELY FOP COMMUNITY, CIVIC,
EDUCATIONAL, OR LIBRARY PURPOSES, AND WHERE THIS USE IS
NOT CONTINGENT UPON THE PAYMENT OF ANY FEE OR OTHER
COMPENSATION, AND FAILURE TO PAY ANY FEE OR OTHER
COMPENSATION IS NOT A REASON TO DENY ADMISSION TO OR USE
OF THIS PROPERTY. ASSESSMENTS EXACTED AND EMPLOYED BY
THE ASSOCIATION OR CORPORATION SOLELY FOR THE IMPROVEMENT
OR MAINTENANCE OF THE PROPERTY ARE NOT "FEES 0?. OTHER
COMPENSATION" UNDER THE TERMS OF THIS SUBSECTION.
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