HARRY HUGHES, Governor

1031

ORDINANCE ALLOW A TAX CREDIT AGAINST REAL PROPERTY TAXES FOR
IMPROVEMENTS THAT PROMOTE HOUSING AND COMMUNITY
REDEVELOPMENT. AN ORDINANCE PURSUANT TO THIS PARAGRAPH
SHALL DEFINE WHICH IMPROVEMENTS ARE ELIGIBLE AND ESTABLISH A
MAXIMUM PERIOD, NOT TO EXCEED 5 YEARS, DURING WHICH THE
CREDIT MAY BE GRANTED. UPON REASSESSMENT BY THE SUPERVISOR
OF ASSESSMENTS, THIS CREDIT SHALL BE DETERMINED, BY THE
LOCAL TAXING AUTHORITY, AS A PERCENTAGE OF THE ACTUAL COSTS
OF THE IMPROVEMENTS. THE CREDIT MAY NOT EXCEED THE
INCREASED TAXES RESULTING FROM THE IMPROVEMENTS, AS
DETERMINED BY THE SUPERVISOR OF ASSESSMENTS.

SECTION 2. AND BE IT FURTHER ENACTED, That, this Act
shall take effect July 1, 1980.

Approved April 22, 1980.

CHAPTER 239

(House Bill 1601)

AN ACT concerning

Prince George's County - Real Property -

Sales of Property

PG 416-80

FOR the purpose of requiring a certain notice in contracts
of sale of real property in Prince George's County
creating a subdivision for which a plat of subdivision
has not been recorded.

BY adding to

Article - Real Property

Section 10-110

Annotated Code of Maryland

(1974 Volume and 1979 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Real Property

10-110.

IN PRINCE GEORGE'S COUNTY, A CONTRACT OF SALE OF REAL
PROPERTY CREATING A SUBDIVISION FOR WHICH A PLAT OF
SUBDIVISION HAS NOT BEEN RECORDED, SHALL CONTAIN THE
FOLLOWING NOTICE: