2328                                    LAWS OF MARYLAND                                 Ch. 578

(II) USED EXCLUSIVELY FOR RELIGIOUS
WORSHIP; AND .

(III) USED AS A COMMUNITY FACILITY

NECESSARY TO PROVIDE CONTINUING CARE FOR PERSONS RESIDING IN
INDEPENDENT LIVING UNITS.

(2) THE PORTION OF THE PROPERTY OF A CONTINUING
CARE FACILITY FOR THE AGED WHICH IS NOT EXEMPT UNDER
PARAGRAPH (1) OF THIS SUBSECTION SHALL BE EXEMPT IF MORE
THAN 20 PERCENT OF THE RESIDENTS OF THE FACILITY ARE
"FAMILIES OF LIMITED INCOMES" AS DEFINED UNDER ARTICLE 41, §
266DD-3(c) AND THE APPLICABLE RULES AND REGULATIONS OF THE

COMMUNITY DEVELOPMENT ADMINISTRATION. A CONTINUING CARE

FACILITY FOR THE AGED WHICH IS NOT EXEMPT UNDER PARAGRAPH
(1) OR THIS PARAGRAPH SHALL BE SUBJECT TO TAX UNDER §

12C-10.

(3) (2) "CONTINUING CARE FACILITIES FOR THE
AGED" AS USED IN THIS SUBSECTION MEANS ANY FACILITY
PROVIDING CONTINUING CARE AS THE TERM CONTINUING CARE IS
DEFINED IN ARTICLE 70B WHICH IS EXEMPT FROM FEDERAL INCOME
TAX UNDER § 501(C)(3) OF THE INTERNAL REVENUE CODE,. AND

WHICH CONTAINS INDEPENDENT LIVING UNITS THAT ARE NOT

REQUIRED TO BE LICENSED UNDER ARTICLE 43.

(4) (3) THIS SECTION SHALL BE EFFECTIVE FOR TAX
YEARS BEGINNING ON OR AFTER JANUARY 1, 1980.

12C-10.

(A) THE COLLECTOR OF EACH LOCAL JURISDICTION SHALL
GRANT A TAX CREDIT TO A CONTINUING CARE FACILITY FOR THE
AGED HAVING PROPERTY WHICH IS NOT EXEMPT UNDER § 9(E-2) OF
50 PERCENT OF THE STATE AND LOCAL PROPERTY TAXES ON SUCH
TAXABLE PROPERTY.

(B) THE VALUATION AND ASSESSMENT OF THE PROPERTY
QUALIFYING FOR A TAX CREDIT UNDER THIS SECTION SHALL BE MADE
AND ACCOMPLISHED IN ALL RESPECTS AS THE VALUATION AND
ASSESSMENT OF OTHER REAL AND PERSONAL PROPERTY IN THE LOCAL
JURISDICTION.

(C) THIS SECTION SHALL BE EFFECTIVE FOR TAX YEARS
BEGINNING ON OR AFTER JANUARY 1, 1980.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 19, 1981.

CHAPTER 579