3712

LAWS OF MARYLAND

Ch. 688

(o-l) In Washington County[, (1) from]:

(1) FROM county taxation only, real and tangible
personal property owned by the District 15 Civic
Association, Inc., of Big Pool, Maryland.

(2)  From county taxation only, the County
Commissioners may grant a credit for real and tangible
personal property owned by nonprofit civic associations
which is used solely for community, civic, educational, or
library purposes, where this use is not contingent on the
payment of any fee or other compensation, and failure to pay
any fee or other compensation is not a reason to deny
admission to or use of this property. Assessments used
solely for the improvement or maintenance of the property
are not fees or other compensation under this paragraph;
[and (3) from]

(3)  FROM county taxation only, real property on
which improvements are made to existing structures within
and controlled by any historic district in the county in
order to encourage improvement and reconstruction of
properties located within those areas, all to be done
according to the following schedule:

(i) The property shall receive a credit to
the extent of 100 percent of the increase in assessed
valuation of the property attributable to the reconstruction
and improvement. This credit shall occur in the first and
second taxable years in which the improved structure is
subject to taxation.

(ii) For the third taxable year, the
credit shall be to the extent of 80 percent of the increase
in assessed valuation of the property attributable to that
reconstruction.

(iii) For the fourth taxable year, the
credit shall be to the extent of SO percent of the increase
in assessed valuation of the property attributable to that
reconstruction.

(iv) For the fifth taxable year, the
credit shall be to the extent of 40 percent of the increase
in assessed valuation of the property attributable to that
reconstruction.

(v) Thereafter, a credit for the purposes
of this paragraph may not be allowed[.]; AND

(4) (I) THE GOVERNING BODY OF THE COUNTY OR A
MUNICIPALITY IN THE COUNTY MAY PROVIDE, BY ORDINANCE OR
RESOLUTION, FOR TAX CREDITS AGAINST LOCAL PROPERTY TAXES FOR
IMPROVEMENTS TO EXISTING PROPERTY OR FOR NEW CONSTRUCTION.