380

LAWS OF MARYLAND

Ch. 8

A PROPERTY TAX CREDIT GRANTED UNDER THIS SECTION SHALL
CONTINUE UNTIL THE PROPERTY IS CONVEYED.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
9C(j), the first sentence of (a)(1), as that sentence
related to Frederick County property tax credits, and
(a)(3), as that paragraph applied to this section.

In the introductory language of subsection (a) of this
section, the defined term "municipal corporation" is
substituted for the former phrase "city", for clarity.

In the introductory language of subsection (a)(1) of
this section, the former words "real and tangible
personal" are deleted as included in the defined term
"property". As to intangible personal property, see
the revisor's note to this title.

In subsection (a)(2) of this section, the former
reference to renting "even at a fixed charge" is
deleted as superfluous.

In subsection (b)(l)(ii) of this section, the former
reference to a structure "controlled by" a historic
district is deleted as confusing and, in any event,
superfluous.

Also in subsection (b)(1)(ii) of this section, the
former phrase "to encourage improvement and
reconstruction of those properties located within
those areas" is deleted as superfluous.

In the introductory language of subsection (b)(2) of
this section, the reference to "a property tax credit
granted under ... this subsection" is substituted for
the former reference to "the property shall be exempt
from real estate taxation" and the "exemption", for
clarity.

In subsection (b)(2)(ii) through (iv) of this section,
the defined term "assessment" is substituted for the
former phrase "assessed valuation", for clarity.

In subsection (b)(2)(i) of this section, the former
word "reconstruction" is deleted in light of the word
"improvement". Similarly, in subsection (b)(2)(ii)
through (iv) of this section, the word "improvement"
is substituted for the former word "reconstruction",
for clarity.

In the introductory language of subsection (c) of this
section, the defined term "governing body" is
substituted for the former references to "County