HARRY HUGHES, Governor                               985

WITHOUT PAYMENT OF FEES OR ADMISSIONS FOR THEIR USE.

9C.

(k-1) In Montgomery County, (1) personal property
owned by any nonprofit, nonstock cooperative housing
corporations; (2) the county governing body as to county
taxation, and the governing body of a municipality as to
taxation of that municipality, may by law allow a tax credit
for real property upon which a structure or project is
constructed or substantially rehabilitated pursuant to § 8
of the United States Housing Act of 1937, as amended,
primarily for occupancy by elderly persons, and receives
rent subsidy and is controlled under that program so as to
operate either on a nonprofit basis or on a limited dividend
distribution basis; [and] (3) leased real property and
improvements in Montgomery County used exclusively as a
theatre by nonprofit community theatrical organizations
which have no paid officers, directors or employees, other
than clerical or maintenance employees, if the payment to
the lessor under the lease is limited to interest,
amortization of the mortgage, and the lessor's out-of-pocket
expenses, excluding profit or return to the lessor on his
investment in the land or improvements on it. A theatre
shall contain a minimum of 175 seats in order to qualify for
a tax credit under this section. Montgomery County may
require a qualifying community theatrical organization to
pay an annual charge for actual public services rendered[.];
AND (4) THE COUNTY GOVERNING BODY AS TO COUNTY TAXATION, AND
THE GOVERNING BODY AS TO MUNICIPAL TAXATION, MAY BY LAW
ALLOW A TAX CREDIT FOR TANGIBLE PERSONAL PROPERTY USED TO
IMPROVE, REPLACE, OR 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
WITHOUT PAYMENT OF FEES OR ADMISSIONS FOR THEIR USE.

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

Approved April 22, 1980.

CHAPTER 209
(House Bill 1148)
AN ACT concerning