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Ch. 555 2005 LAWS OF MARYLAND
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(1) by the federal GOVERNMENT, the State, a county, [or] A municipal
corporation [government], OR AN AGENCY OR INSTRUMENTALITY OF THE FEDERAL
GOVERNMENT, THE STATE, A COUNTY, OR A MUNICIPAL CORPORATION; and
(2) with the privilege to use the property in connection with a business
that is conducted for profit.
7-211.
(b) (1) This subsection does not apply to:
(I) property owned by the Maryland-National Capital Park and
Planning Commission in Prince George's County that is located in a public airport
and is used for a restaurant concession; AND
(II) PROPERTY OWNED BY THE CANAL PLACE PRESERVATION AND
DEVELOPMENT AUTHORITY THAT IS LOCATED IN ALLEGANY COUNTY AND THAT IS
USED FOR A CONCESSION IF:
1. THE PROPERTY IS LEASED FOR A CONCESSION FOR A
TERM OF 10 YEARS OR MORE; OR
2. THE LESSEE HAS MADE A CAPITAL INVESTMENT IN THE
PROPERTY OR IMPROVEMENTS ON THE PROPERTY IN EXCESS OF $500,000.
(2) An interest of a person in property of the federal government, the
State, a county, or a municipal corporation is not subject to property tax, if the
property is used for a concession that:
(i) is located in a public airport, park, market, or fairground; and
(ii) is available for use by the general public.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2005, and shall be applicable to all taxable years beginning after June 30,
2005.
Approved May 26, 2005.
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CHAPTER 555
(House Bill 481)
AN ACT concerning
Property Tax - Transfer of Property Homestead Tax Credit - Eligibility
FOR the purpose of providing that a transfer of property is deemed to occur on the
date that an executed deed is recorded establishing certain application
procedures for the homestead property tax credit under certain circumstances;
establishing the date of transfer of certain property; requiring the State
Department of Assessments and Taxation to deny a certain application under
- 3198 -
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