HARRY HUGHES, Governor

199

In subsection (c) of this section, the defined term
"assessment" is substituted for the former word
"valuation", for clarity.

Also in subsection (c) of this section, the references
to "the assessable base of the county or municipal
corporation" are substituted for the former references
to "assessment books" and "assessments and assessed
valuations", for clarity.

Also in subsection (c) of this section, the words
"State aid" are substituted for the former reference
to "payments to the several political subdivisions
which are provided for in the laws of this State" to
clarify the context under which a county or municipal
corporation receives money under this section.

Former Art. 81, § 8(7)(e)(iv)3., which contained a
property tax exemption for Baltimore City that was
similar to the tax exemption contained in this
section, is deleted as obsolete.

Defined terms: "Assess" § 1-101

"Assessment" § 1-101 "County" § 1-101

"County property tax" § 1-101 "Governing body" § 1-101

"Includes";"including" § 1-101 "Law" § 1-101

"Municipal corporation" § 1-101

"Municipal corporation property tax" § 1-101

"Property" § 1-101

7-502. PAYMENTS IN LIEU -- HOUSING FOR SENIOR CITIZENS.

(A) REQUIREMENTS FOR EXEMPTION.

(1)  IN THIS SUBSECTION, "ESSENTIAL SERVICE
FACILITIES" INCLUDES DINING HALLS, COMMUNITY ROOMS, AND
INFIRMARIES.

(2)  REAL PROPERTY THAT MEETS THE REQUIREMENTS OF
SUBSECTION (B) OF THIS SECTION IS NOT SUBJECT TO PROPERTY TAX IF:

(I)  THE OWNER OF THE REAL PROPERTY IS:

1.  A PERSON WHO MEETS THE OWNERSHIP
REQUIREMENTS OF § 7-202 OF THIS TITLE; OR

2.  A NONPROFIT CORPORATION THAT IS EXEMPT
FROM INCOME TAX UNDER ARTICLE 81, § 288(D) OF THE CODE; AND

(II)  THE OWNER OF THE REAL PROPERTY IS ENGAGED
SOLELY IN CONSTRUCTING, OPERATING, OR MANAGING MULTIFAMILY RENTAL
HOUSING AND OTHER RELATED ESSENTIAL SERVICE FACILITIES THAT:

1. ARE NEWLY CONSTRUCTED ON AND AFTER
SEPTEMBER 24, 1959;