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1759
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MARVIN MANDEL, Governor
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significant structures as certified by the Allegany
County Commissioners, In order to encourage improvement
and reconstruction of those properties, all to be done
according to the following schedule:
(i) The property shall receive a credit
against 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
credit 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 credit
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 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 credit
shall be to the extent of 40 percent of the increase in
assessed valuation of the property attributable to that
reconstruction.
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(v) Thereafter, no credit for the purposes
of this paragraph shall be allowed.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved April 29, 1977.
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CHAPTER 161
(Senate Bill 111)
AN ACT concerning
Washington County — Taxes
FOR the purpose of exempting certain silos in Washington
County from certain taxes.
BY repealing and reenacting, with amendments,
Article 81 — Revenue and Taxes
Section 19 (a) (9)
Annotated Code of Maryland
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