HARRY HUGHES, Governor

2241

CHAPTER 548

(Senate Bill 569)

AN ACT concerning

Property Tax Credit - Unsold or Unrented Unsold
Newly Constructed and or Rehabilitated Dwellings

FOR the purpose of granting a credit against county and
Baltimore City property taxes for certain unsold and
unrented newly constructed dwellings; providing certain
limitations on this credit; requiring the applicant to
provide a certain notice; and permitting the counties
and Baltimore City to set procedures implementing this
program.

FOR the purpose of providing a statewide property tax credit
against county and municipal property taxes for certain
dwellings; and repealing certain tax credit provisions
that apply to certain "political subdivisions". against
municipal property taxes for certain dwellings.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes
Section 12G-1

Annotated Code of Maryland
(1980 Replacement Volume)

BY adding to

Article 81 - Revenue and Taxes

Section 12G-1

Annotated Code of Maryland

(1980 Replacement Volume)

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be repealed, amended, or enacted to read as follows: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

[12G-l.

(a)  This section, to the exclusion of any other public
general or public local law, controls and regulates
exclusively the granting of any special tax credit for
unsold or unrented, newly constructed or substantially
rehabilitated single dwelling units.

(b)  The owner of an unsold or unrented, newly
constructed or substantially rehabilitated single dwelling
unit may be entitled, upon application to, and at the
discretion of, the governing body of the county,