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2175
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MARVIN MANDEL, Governor
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Code of Maryland (1975 Replacement Volume and 1976
Supplement) to read as follows:
Article 81 - Revenue and Taxes
12G-6.
(A) IN BALTIMORE COUNTY ONLY, THIS SECTION, TO THE
EXCLUSION OF ANY OTHER PUBLIC GENERAL OR PUBLIC LOCAL LAW
(UNLESS SPECIFIC REFERENCE IS MADE TO THIS SECTION AND IT
IS APPROPRIATELY MODIFIED OR REPEALED) CONTROLS AND
REGULATES EXCLUSIVELY THE GRANTING OF SPECIAL TAX CREDITS
FOR UNSOLD OR UNRENTED, NEWLY CONSTRUCTED SINGLE FAMILY
DWELLINGS LOCATED IN BALTIMORE COUNTY.
(B) THE OWNER OF AN UNSOLD, UNRENTED, AND
UNOCCUPIED NEWLY CONSTRUCTED SINGLE FAMILY DWELLING IS
ENTITLED, UPON APPLICATION TO THE BALTIMORE COUNTY
COUNCIL, TO RECEIVE A TAX CREDIT EQUAL TO ONE-HALF OF THE
PROPERTY TAXES IMPOSED UPON THE ASSESSED VALUE OF THE
DWELLING, EXCLUDING LAND, FOR THE PERIOD DURING WHICH THE
DWELLING REMAINS UNSOLD, UNRENTED AND UNOCCUPIED
IMMEDIATELY FOLLOWING CONSTRUCTION. HOWEVER, A TAX
CREDIT MAY NOT BE GRANTEE UNDER THIS SECTION TO ANY
DWELLING USED AS AN OFFICE OR SAMPLE HOME BY THE BUILDER.
AN OWNER MAY NOT RECEIVE TAX CREDITS FOR MORE THAN THREE
DWELLINGS PER YEAR UNDER THIS SECTION. TAX CREDITS IN
THIS SECTION SHALL BE GRANTED ONLY OVER ONE CONTINUOUS
PERIOD OF TIME NOT EXCEEDING ONE YEAR FOR ANY DWELLING
AND MAY NOT APPLY TO A DWELLING WHICH HAS PREVIOUSLY BEEN
OCCUPIED. HOWEVER, IMMEDIATELY ON OR BEFORE THE DATE OF
OCCUPANCY, AND REGARDLESS OF WHETHER THE DWELLING IS
SOLD, RENTED, OR MERELY OCCUPIED, THE APPLICANT FOR A TAX
CREDIT SHALL SEND TO THE SUPERVISOR OF ASSESSMENTS OF
BALTIMORE COUNTY AN APPROPRIATE NOTICE THAT THE DWELLING
HAS BEEN SOLD, RENTED, OR OCCUPIED. FAILURE TO COMPLY
WITH THE PROVISIONS OF THIS SECTION SHALL RESULT IN THE
IMMEDIATE FORFEITURE OF ALL TAX CREDITS WHICH HAVE BEEN
GRANTED TO THE DWELLING UNIT.
(C) THE BALTIMORE COUNTY COUNCIL MAY FURTHER
PROVIDE FOR THE PROCEDURE APPLICABLE TO ANY TAX CREDIT,
AUTHORIZED BY THIS SECTION, IN A MANNER NOT INCONSISTENT
WITH THIS SECTION.
(D) THIS SECTION MAY NOT BE CONSTRUED OR MAY NOT
BE APPLIED TO CHANGE THE NORMAL AND REGULAR ASSESSMENT
PROCEDURES WHICH ARE APPLICABLE IN BALTIMORE COUNTY. THE
CREDIT GRANTED UNDER THIS SECTION SHALL BE APPLIED ONLY
TO BALTIMORE COUNTY TAXES.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
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Approved May 17, 1977.
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