|
|
|
|
|
|
|
|
|
|
|
|
|
2394 VETOES
TO A ZONING CLASSIFICATION THAT DOES NOT MEET THE CRITERIA OF
THIS SUBSECTION ; OR
2. TRANSFERRED BY THE OWNER.
(II) LAND THAT LOSES THE SPECIAL ASSESSMENT IS
SUBJECT TO A TAX THAT IS DUE AT THE TIME OF THE REZONING OR
TRANSFER.
(III) THE TAX SHALL BE equal to the difference
between the tax based upon the special assessment and the amount
of tax that would have been due [thereon] if based upon the "full
cash value" assessment for each year in which the tax was
computed upon [said] THE special assessment. [In no event shall
the tax] THE TAX MAY NOT exceed ten percent (10%) of the "full
cash value" assessment in effect at the time of said rezoning.
(IV) LAND WHICH RECEIVED THE SPECIAL ASSESSMENT
UNDER THIS SUBSECTION THAT IS TRANSFERRED AND IS NOT SUBJECT TO
THE TAX IN SUBPARAGRAPH (III) SHALL BE SUBJECT TO THE TAX IMPOSED
BY SECTION 278F OF THIS ARTICLE.
(IV) (V) The proceeds of this tax shall be
collected and applied as provided in Section 278F(g), (h) and (i)
of this article.
278F.
(a) Except as provided for in this section, an agricultural
transfer tax is imposed on every written instrument conveying
title to real property which was assessed for the taxable year
1977-1978 or any subsequent taxable year on the basis of
agricultural use under the provisions of Section 19(b)(1) of this
article OR FOR REAL PROPERTY THAT WAS ASSESSED FOR TAXABLE YEAR
1984 OR ANY LATER TAXABLE YEAR ON THE BASIS OF A SPECIAL
ASSESSMENT UNDER THE PROVISIONS OF § 19(F) OF THIS ARTICLE,
unless:
(1) Real property taxes have been paid on the basis
of a nonagricultural use assessment for 5 full consecutive
taxable years; or
(2) The land was subject to the development tax and
the tax was assessed under the provisions of Chapter 702 of the
Acts of 1979, as amended from time to time.
(3) THE LAND WAS SUBJECT TO A TAX THAT WAS ASSESSED
UNDER THE PROVISIONS OF SECTION 19F(6)(III) OF THIS ARTICLE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
