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ROBERT L. EHRLICH, JR., Governor Ch. 201
(3) EXEMPT FROM HAVING TO PASS AN EXAMINATION REQUIRED FOR A
COMPARABLE STANDARD LICENSE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
Approved April 25, 2006.
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CHAPTER 201
(House Bill 1183)
AN ACT concerning
Calvert County - Property Tax Credits - Economic Development
FOR the purpose of authorizing the governing body of Calvert County to grant, by
law, a property tax credit against the county property tax imposed on certain
property owned by certain businesses under certain circumstances; authorizing
the governing body of Calvert County to grant a property tax credit against
property taxes on property within certain target areas; limiting the time for
which certain tax credits may be granted; providing for the application of this
Act; and generally relating to authorization for certain property tax credits for
expanding or new businesses in Calvert County.
BY adding to
Article - Tax - Property
Section 9-306(g)
Annotated Code of Maryland
(2001 Replacement Volume and 2005 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
9-306.
(G) (1) (I) SUBJECT TO SUBPARAGRAPH (II) OF THIS PARAGRAPH, THE
GOVERNING BODY OF CALVERT COUNTY MAY GRANT, BY LAW, A PROPERTY TAX
CREDIT UNDER THIS SECTION AGAINST THE COUNTY PROPERTY TAX IMPOSED ON
REAL PROPERTY OWNED BY AN EXPANDING OR NEW BUSINESS THAT:
1. EMPLOYS AT LEAST 25 NEW ADDITIONAL FULL-TIME
EMPLOYEES, THE SALARIES FOR WHICH MUST BE GREATER THAN THE COUNTY
ANNUAL AVERAGE SALARY IN THE ECONOMIC DEVELOPMENT TARGET MARKET
SECTOR, AS DETERMINED BY THE COUNTY; AND
2. ACQUIRES AT LEAST $2,500,000 IN LAND, IMPROVEMENTS
TO THE LAND, OR EQUIPMENT IN THE COUNTY.
- 943 -
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