HARRY HUGHES, Governor

1199

of such property which is commercially rented shall be taxable to
the extent of the commercial use on the fair value of the rented
property; (2) tangible personal property owned by nonprofit
television broadcast translator stations, which are supported
principally by public subscription; (3) from county taxation
only, real property owned by a religious organization, which
property is located in La Vale and is leased to the La Vale
Athletic Association for the purpose of conducting athletic and
recreational programs for youth, but only when this property is
used solely and exclusively for the above purpose; (4) from
county and city taxation, real and tangible personal property
owned by the South Cumberland Business and Civic Association,
Inc., and known as the South Cumberland Civic Center; (5) from
county and special district taxation only, real and tangible
personal property owned by the Cresaptown Civic Improvement
Association, Inc.; (6) from county and special district ordinary
taxation, the real and tangible personal property, owned by the
Potomac Park Citizens Committee, Inc.; (7) the County
Commissioners may by ordinance or resolution, grant a credit for
real property owned by the Greater Cumberland Chamber of Commerce
known as the Bell Tower Building and which is located in
Cumberland, Maryland; (8) the County Commissioners and the Mayor
and City Council of Cumberland may, by ordinance or resolution,
grant a credit for real and tangible personal property owned by
the Cumberland Outdoor Club, Inc.; (9) from county and city
taxation, the governing body of the county or city may, by
ordinance or resolution, grant a credit for real and tangible
personal property owned by the National Board of Young Men's
Christian Associations, and known as the Railroad YMCA of
Cumberland; (10) from county taxation only real property on which
improvements have been made to historic and architecturally
significant structures as certified by the Allegany County
Commissioners, in order to encourage improvement and
reconstruction of those properties, all to be done according to
the following schedule:

(i) The property shall receive a credit against
real estate taxation to the extent of 100 percent of the increase
in assessed valuation of the property attributable to the
reconstruction and improvement. This credit shall occur in the
first and second taxable years in which the improved structure is
subject to taxation.

(ii) For the third taxable year in which the
improved structure is subject to taxation, the credit shall be to
the extent of 80 percent of the increase in assessed valuation of
the property attributable to that reconstruction.

(iii) For the fourth taxable year in which the
improved structure is subject to taxation, the credit shall be to
the extent of 60 percent of the increase in assessed valuation of
the property attributable to that reconstruction.

(iv) For the fifth taxable year in which the
improved structure is subject to taxation, the credit shall be to