HARRY HUGHES, Governor

373

2. USED ONLY FOR A COMMUNITY, CIVIC,
EDUCATIONAL, OR LIBRARY PURPOSE, IF:

A.  UNLESS THE COMPENSATION IS USED
ONLY TO- IMPROVE OR MAINTAIN. THE PROPERTY, THE USE IS NOT
CONTINGENT ON THE PAYMENT OF COMPENSATION; AND

B.  UNLESS THE COMPENSATION IS USED
ONLY TO IMPROVE OR MAINTAIN THE PROPERTY, FAILURE TO PAY
COMPENSATION IS NOT A REASON TO DENY ADMISSION TO OR USE OF THE
PROPERTY; AND

(II) REAL PROPERTY ON WHICH AN IMPROVEMENT IS
MADE TO AN EXISTING STRUCTURE THAT IS LOCATED IN A HISTORIC
DISTRICT.

(2) A PROPERTY TAX CREDIT GRANTED UNDER PARAGRAPH
(1)(II) OF THIS SUBSECTION SHALL BE:

(I)  THE FOLLOWING PERCENTAGE OF THE INCREASE
THAT IS DUE TO THE IMPROVEMENT:

1.  100% OF THE INCREASE IN THE ASSESSMENT
OF THE REAL PROPERTY IN THE 1ST AND 2ND TAXABLE YEARS THAT THE
IMPROVED STRUCTURE IS SUBJECT TO THE COUNTY PROPERTY TAX;

2.  80% OF THE INCREASE IN THE ASSESSMENT
OF THE REAL PROPERTY IN THE 3RD TAXABLE YEAR THAT THE IMPROVED
STRUCTURE IS SUBJECT TO THE COUNTY PROPERTY TAX;

3.  60% OF THE INCREASE IN THE ASSESSMENT
OF THE REAL PROPERTY IN THE 4TH TAXABLE YEAR THAT THE IMPROVED
STRUCTURE IS SUBJECT TO THE COUNTY PROPERTY TAX;

. 4. 40% OF THE INCREASE IN THE ASSESSMENT
OF THE REAL PROPERTY IN THE 5TH TAXABLE YEAR THAT THE IMPROVED
STRUCTURE IS SUBJECT TO THE COUNTY PROPERTY TAX; AND

(II)  ENDED AFTER THE 5TH TAXABLE YEAR THAT THE
IMPROVED STRUCTURE IS SUBJECT TO COUNTY PROPERTY TAX.

(B) COUNTY TAX -- OPTIONAL.

(1) THE GOVERNING BODY OF CARROLL COUNTY MAY GRANT,
BY LAW, A PROPERTY TAX CREDIT UNDER THIS SECTION AGAINST THE
COUNTY PROPERTY TAX IMPOSED ON:

(I) REAL PROPERTY THAT IS:

1. OWNED BY THE MARYLAND JAYCEES
FOUNDATION, INCORPORATED, OF CARROLL COUNTY; AND

                2. LOCATED AT 602 JOHAHN DRIVE IN
WESTMINSTER, MARYLAND; AND