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208 LAWS OF MARYLAND Ch. 8
2. IS SUBSTANTIALLY COMPLETED AFTER JULY
1, 1978;
(III) THE STRUCTURES AND FACILITIES OF THE REAL
PROPERTY ARE GOVERNMENTALLY CONTROLLED AS TO RENTS, CHARGES,
RATES OF RETURN, AND METHODS OF OPERATION SO THAT THE REAL
PROPERTY OPERATES ON A NONPROFIT OR LIMITED DISTRIBUTION BASIS;
AND
(IV) THE OWNER AND THE GOVERNING BODY OF THE
COUNTY AND, WHERE APPLICABLE, MUNICIPAL CORPORATION WHERE THE
REAL PROPERTY IS LOCATED AGREE THAT THE OWNER SHALL PAY A
NEGOTIATED AMOUNT IN LIEU OF THE APPLICABLE COUNTY AND MUNICIPAL
CORPORATION PROPERTY TAX.
(3) IF THE STRUCTURE AND FACILITIES OF THE REAL
PROPERTY ARE USED PREDOMINANTLY FOR RESIDENTIAL PURPOSES, THE
REAL PROPERTY MAY CONTAIN SERVICE FACILITIES TO SERVE ITS
OCCUPANTS AND THE SURROUNDING NEIGHBORHOOD.
(B) WHEN EXEMPTION BEGINS.
REAL PROPERTY DESCRIBED IN SUBSECTION (A) OF THIS SECTION IS
EXEMPT WHEN THE REQUIREMENTS OF SUBSECTION (A) OF THIS SECTION
ARE MET.
REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, § 9(a)
and (r).
Subsection (a)(1) of this section is revised as a
definition of "service facilities", for brevity.
In the introductory language of subsection (a)(2) of
this section, the reference to "county and municipal
corporation property tax" is substituted for the
former phrase "county and city taxes", for clarity.
Similarly, in subsection (a)(2)(iv) of this section,
the phrase "applicable county and municipal
corporation property taxes" is substituted for the
former reference to "all local taxes on the property",
for clarity.
Also in the introductory language of subsection (a)(2)
of this section, the defined term "property tax" is
substituted for the former word "tax", for clarity.
In subsection (a)(2)(i) of this section, the former
phrase "firm or corporation" is deleted as included in
the defined term "person".
In subsection (a)(2)(ii)l.A. of this section, the
phrase "funds construction" is substituted for the
former, nonspecific reference to "provides", for
clarity.
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