984                                       LAWS OF MARYLAND                                   Ch. 208

Exemption Credits
(MC 204-80)

FOR the purpose of providing that authorizing local taxing
authorities in Montgomery County the power to grant
certain tangible personal property shall be exempt from
assessment and from State, county, and city ordinary
taxation, tax credits when held by nonprofit community
associations, organizations, or foundations constituted
for certain purposes.

BY repealing and reenacting, without amendments,

Article 81 - Revenue and Taxes

Section 9A(a)

Annotated Code of Maryland

(1975 Replacement Volume and 1979 Supplement)

BY adding to

Article 81 - Revenue and Taxes

Section 9A(o)

Annotated Code of Maryland

(1975 Replacement Volume and 1979 Supplement)

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 9C(k-l)

Annotated Code of Maryland

(1975 Replacement 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be repealed, amended, or enacted to read as follows: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 81 - Revenue and Taxes

9A.

(a) The following tangible personal property shall be
exempt from assessment and from State, county and city
ordinary taxation, except as otherwise stated herein, each
and all of which exemptions shall be strictly construed:

(O) IN MONTGOMERY COUNTY, PERSONAL PROPERTY SHALL BE
EXEMPT FROM TAXATION WHERE THE PERSONAL PROPERTY IS USED TO
IMPROVE, REPLACE, AND MAINTAIN THE ROADS, COMMON AREAS, OR
OTHER COMMON FACILITIES OWNED BY A NONPROFIT ORGANIZATION,
ASSOCIATION, OR FOUNDATION WHICH WAS FORMED FOR THE SOLE
PURPOSE OF IMPROVING, REPLACING, AND MAINTAINING THE ROADS,
COMMON AREAS, OR OTHER COMMON FACILITIES ESTABLISHED UNDER
THE TOWN SECTOR, PLANNED RETIREMENT COMMUNITY ZONE, OR
PLANNED RESIDENTIAL COMMUNITY ZONES OF THE DULY ENACTED
COUNTY ZONING ORDINANCE WHERE THE COMMON FACILITIES ARE
DEDICATED FOR THE USE OF ALL RESIDENTS OF THE DEVELOPMENT