HARRY HUGHES, Governor

3823

CHAPTER 736

(House Bill 1639)

AN ACT concerning

Property Tax Exemption - Charitable,

Benevolent or Educational Property Leaseholds
Baltimore City - Property Tax Credit

FOR the purpose of exempting real property leased under
certain leases to nonprofit charitable, fraternal or

sororal, benevolent, educational, or literary

institutions or organizations for a certain term, when

actually used exclusively for and necessary for

charitable, benevolent, or educational purposes

authorizing a tax credit on real property leased by,

used exclusively for, and occupied by the Baltimore
Association for Retarded Citizens, Inc.

BY repealing and reenacting, without amendments,

Article 81 - Revenue and Taxes

Section 9(a)

Annotated Code of Maryland
(1980 Replacement Volume and 1981 Supplement)

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 9(e)

Annotated Code of Maryland
(1980 Replacement Volume and 1981 Supplement)

BY adding to

Article 81 -Revenue and Taxes

Section 9C(e-l)

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

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

9.

(a) The following real and tangible personal property
are exempt from assessment and from State, county, and city