HARRY HUGHES, Governor                               1081

(j) In Frederick County, (1) real and tangible
personal property owned by the Frederick Optimist Boy's
Foundation, Inc., to the extent that such property is not
commercially rented. As used herein, operation of a parking
lot, even at a fixed charge, is not commercial renting.
That part of the property not included under a lease is
entitled to exemption; (2) from county taxation only, real
property owned by the Emmitsburg Civic Association, Inc.;
[and] (3) FROM COUNTY TAXATION ONLY, THE COUNTY
COMMISSIONERS MAY GRANT A TAX CREDIT FOR REAL PROPERTY OWNED
BY RURITAN NATIONAL, OR ANY RURITAN CLUB AFFILIATED WITH
RURITAN NATIONAL; (4) from county taxation only, real
property on which improvements are made to existing
structures within and controlled by any historic district in
Frederick County so as to encourage improvement and
reconstruction of those properties located within those
areas; all to be done according to the following schedule:

(i) The property shall be exempt from real
estate taxation to the extent of 100% of the increase in
assessed valuation of the property attributable to the
reconstruction and improvement. This exemption 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 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
stated above shall be allowed[.]; AND [(4)] (5) From county
taxation only, upon a resolution or ordinance by the county
commissioners, real property owned by nonprofit 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.