HARRY HUGHES, Governor

2689

Tax Credits - Geothermal Energy Equipment
and Energy Conservation Components

FOR the purpose of providing that the governing body of
Baltimore City, any county, or any city within a
county, by ordinance or resolution, may provide tax
credit against local real property taxes levied on
residential or nonresidential buildings using
geothermal energy equipment or qualifying energy
conservation components for heating and cooling or
providing hot water; providing for the duration of the
tax credit; and providing certain discretion to the
governing body as to the specifics of the tax credit.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes
Section 12F-5

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be repealed, amended, or enacted to read as follows: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

12F-5.

The governing body of Baltimore City, any county, or
any city within a county, by ordinance or resolution enacted
under its usual procedure, may provide for tax credits
against any local real property taxes levied on residential
or nonresidential buildings or other structures for using
solar OR GEOTHERMAL energy equipment OR QUALIFYING ENERGY
CONSERVATION COMPONENTS for heating or cooling the buildings
or other structures, or for providing hot water for use
within the buildings or other structures. The amount of any
credit provided for in accordance with this section, the
duration for which it is to apply up to a maximum of three
years, the definitions of solar OR GEOTHERMAL energy
equipment AND QUALIFYING ENERGY CONSERVATION COMPONENTS, and
all other specifics pertaining to the tax credit shall be as
the county, Baltimore City, or other city deems appropriate
and provides for in the ordinance or resolution.

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

Approved May 19, 1981.