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HARRY HUGHES, Governor 2393
and recreational benefits, should not be minimized.
In conclusion, I am vetoing Senate Bill 778 because it will
serve as a disincentive to the development and continued growth
of planned communities in Maryland; because it will have the
effect of imposing a penalty tax in an instance where the intent
of the current law was accomplished; and because it will
unnecessarily escalate the cost of housing to many of our
citizens.
Sincerely,
Harry Hughes
Governor
Senate Bill No. 778
AN ACT concerning
Property Assessments - Transfer Tax on Special Assessments
FOR the purpose of providing that real property subject to a
special assessment is subject to an agricultural transfer
tax under certain conditions after a certain taxable year;
providing for termination of a special assessment under
certain circumstances; and making stylistic changes.
BY repealing and reenacting, with amendments,
Article 81 - Revenue and Taxes
Section 19(f)(6) and 278F(a)
Annotated Code of Maryland
(1980 Replacement. Volume and 1982 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 81 - Revenue and Taxes
19.
(f) (6) [Whenever lands subject to said special assessment
are rezoned at the instance of the owner thereof to a zoning
classification which does not meet the criteria of this
subsection, then, the special assessment shall terminate for that
portion of the land so rezoned and a tax shall become due
thereon]
(I) LAND SUBJECT TO A SPECIAL ASSESSMENT UNDER
THIS SUBSECTION LOSES THE SPECIAL ASSESSMENT FOR THAT PORTION OF
THE LAND . THAT IS
1. REZONED AT THE INSTANCE OF THE OWNER
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