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1087
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HARRY HUGHES, Governor
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[thereof] OF THE TAX a bond to the State of Maryland, with
corporate surety to be approved by the Department, conditioned
upon the payment of such assessment and all interest accruing
thereon until paid.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 24, 1983.
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CHAPTER 318
(Senate Bill 23 6)
AN ACT concerning
Property Tax - Credits - Montgomery County -
Great Hope Homes
FOR the purpose of allowing a credit from the Montgomery County
real property taxes for certain property that is owned by
Great Hope Homes, Limited, for a certain period of time, and
under certain circumstances.
BY repealing and reenacting, with amendments,
Article 81 - Revenue and Taxes
Section 9C(k-l)
Annotated Code of Maryland
(1980 Replacement Volume and 1982 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 81 - Revenue and Taxes
9C.
(k-1) In Montgomery County!,]:
(1) [personal] PERSONAL property owned by any
nonprofit, nonstock cooperative housing corporations;
(2) [the] THE county governing body as to county
taxation, and the governing body of a municipality as to taxation
of that municipality, may by law allow a tax credit for real
property upon which a structure or project is constructed or
substantially rehabilitated pursuant to § 8 of the United States
Housing Act of 1937, as amended, primarily for occupancy by
elderly persons, and receives rent subsidy and is controlled
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