HARRY HUGHES, Governor                                       343

council", for clarity.

Also in subsections (b) and (c) of this section, the
defined term "law" is substituted for the former
phrase "resolution or ordinance", for clarity.

In subsection (b) of this section, the phrase "any
county real property taxes" is substituted for the
former phrase "county, county school, municipal or
special district property taxes", for brevity and
clarity.

Also in subsection (b) of this section, the former
phrase "to preserve its character as agricultural land
or woodland" is deleted as unnecessary in light of the
reference to AG § 2-504.

In subsection (d) of this section, the defined term
"county" is substituted for the former words
"particular subdivision", for clarity.

Also in subsection (d) of this section, the former
reference to "personal property" is deleted as
confusing and, in any event, superfluous.

Former Art. 81, § 12E-l(e) now appears in AG § 2-515.

Defined terms: "Assessment" § 1-101

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

"Governing body" § 1-101 "Law" § 1-101

"Real property" § 1-101 "Valuation" § 1-101

9-207. NEWLY CONSTRUCTED OR SUBSTANTIALLY REHABILITATED
DWELLINGS THAT ARE UNSOLD OR UNRENTED.

(A)  "DWELLING" DEFINED.

(1)  IN THIS SECTION, "DWELLING" MEANS:

(I)  A NEWLY CONSTRUCTED OR SUBSTANTIALLY
REHABILITATED SINGLE DWELLING UNIT THAT IS UNSOLD OR UNRENTED; OR

(II)  NEWLY' CONSTRUCTED OR SUBSTANTIALLY
REHABILITATED COMMERCIAL PROPERTY THAT IS UNSOLD OR UNRENTED.

(2)  "DWELLING" DOES NOT INCLUDE LAND.

(B)  APPLICABILITY.

(1)  A PROPERTY TAX CREDIT GRANTED UNDER THIS SECTION
APPLIES ONLY TO COUNTY OR MUNICIPAL CORPORATION PROPERTY TAX.

(2)  THIS SECTION DOES NOT APPLY TO BALTIMORE CITY.

(C)  TAX CREDIT NOT EXCEEDING 100%.