154                                                LAWS OF MARYLAND                                      Ch. 8

(A)  ABATEMENT OF TAX ON PUBLIC PROPERTY; ADJUSTMENT.

(1)  NOTWITHSTANDING § 7-103 OF THIS SUBTITLE, WHEN
ALL OR ANY PART OF PROPERTY THAT WILL BE ENTITLED TO ABATEMENT IS
ACQUIRED BY THE STATE, A COUNTY, OR A MUNICIPAL CORPORATION FOR
PUBLIC PURPOSES, THE SUPERVISOR SHALL ABATE THE PROPERTY TAX ON
THE PROPERTY ACQUIRED FROM THE DATE OF ACQUISITION FOR THE
REMAINDER OF THE TAXABLE YEAR IN WHICH THE PROPERTY WAS ACQUIRED.

(2)  IF, AT THE TIME OF SETTLEMENT FOR THE PROPERTY,
THE OWNER HAS PAID THE PROPERTY TAX FOR THAT TAXABLE YEAR, THE.
SETTLEMENT OFFICER SHALL REIMBURSE THE SELLER FOR THE PART OF THE
PROPERTY TAX THAT WAS PAID FOR THE REMAINDER OF THE TAXABLE YEAR
FROM THE DATE OF ACQUISITION.

(3)  AT THE TIME OF SETTLEMENT, THE SETTLEMENT OFFICER
SHALL RETAIN FROM ANY AVAILABLE FUNDS OF OR DUE TO THE SELLER
SUFFICIENT MONEY TO PAY ANY PROPERTY TAX DUE FOR THE PROPERTY TO
THE DATE OF ACQUISITION. THE RETAINED FUNDS ARE NONREFUNDABLE.

(B)  TAX ON FORMERLY EXEMPT PROPERTY.

EXCEPT AS OTHERWISE PROVIDED IN THIS ARTICLE, WHEN ANY
PROPERTY THAT WAS FORMERLY EXEMPT FOR PUBLIC PURPOSES IS SOLD AND
THE PROPERTY IS NO LONGER ENTITLED TO THE EXEMPTION, THE PROPERTY
TAX IS PAYABLE FOR THE REMAINDER OF THE TAXABLE YEAR FROM THE
DATE OF SALE.

REVISOR'S NOTE: Subsection (a) of this section is new
language derived without substantive change from
former Art. 81, § 67(b), as those provisions related
to exempt property.

In subsection (a)(1) of this section, the introductory
phrase "notwithstanding § 7-103 of this subtitle" is
added to indicate clearly that this section is an
exception from the general application and approval
requirements in § 7-103 of this subtitle.

Also in subsection (a)(1) of this section, the phrase
"for the remainder of the taxable year in which the
property was acquired" is added to clarify the period
of the abatement.

Also in subsection (a)(1) of this section, the phrase
"abate the property tax on the property acquired" is
substituted for the former phrase "the real property
taxes on the property shall be abated or decreased",
for brevity.

Also in subsection (a)(1) of this section, the former
reference to "Baltimore City" is deleted as included
in the defined term "county":