HARRY HUGHES, Governor

3641

CHAPTER 649

(House Bill 785)

AN ACT concerning

Montgomery County - Real Property Tax Deferral - Extension

MC 245-82

FOR the purpose of extending the period during which
Montgomery County may permit certain tax deferrals for
certain real property; and providing for the expiration
of this Act.

BY repealing and reenacting, without amendments,

Article 81 - Revenue and Taxes

Section 12F-8

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

BY repealing

Chapter 729 of the Acts of the General

Assembly of 1979
Section 2

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
read(s) as follows:

Article 81 - Revenue and Taxes

12F-8.

Montgomery County by law may provide for tax deferrals
of county real property taxes levied on certain residential
buildings defined by the county as moderate income, as
defined in Montgomery County regulations based on Section 8
of the United States Housing Act of 1937, as amended,
multifamily rental housing facilities; and providing that
the cumulative amount of any deferral shall be due and
payable to the county in the event the property no longer
qualifies as a moderate income, multifamily rental housing
facility. The amount of any deferral provided for in
accordance with this section, the duration for which it is
to apply, the qualification of eligible property, and all
other specifics pertaining to the tax deferral shall be as
the county deems appropriate and provides for in the law.
The unpaid balance of the deferrals shall be a lien on the
property affected.