HARRY HUGHES, Governor

385

PROPERTY TAX CREDIT UNDER THIS SECTION AGAINST THE COUNTY OR
MUNICIPAL CORPORATION PROPERTY TAX IMPOSED ON REAL PROPERTY THAT
IS:

(I)  OWNED BY ANY PERSON WHO:

1.  CONSTRUCTS A HOUSING STRUCTURE; OR

2.  OPERATES A HOUSING PROJECT;

(II)  USED FOR A HOUSING STRUCTURE OR PROJECT
WHICH MAY CONTAIN A COMMUNITY SERVICE FACILITY;

(III)  A STRUCTURE CONSTRUCTED OR SUBSTANTIALLY
REHABILITATED UNDER § 8 OF THE UNITED STATES HOUSING ACT OF 1937
PRIMARILY FOR OCCUPANCY BY ELDERLY INDIVIDUALS;

(IV)  RECEIVING RENT SUBSIDY; AND

(V)  OPERATED ON A NONPROFIT OR LIMITED
DISTRIBUTION BASIS.

(2) THE GOVERNING BODY OF HARFORD COUNTY AND OF A
MUNICIPAL CORPORATION IN HARFORD COUNTY, WHERE APPLICABLE, SHALL
MAKE AN AGREEMENT WITH THE OWNER OF PROPERTY FOR WHICH A PROPERTY
TAX CREDIT IS GRANTED UNDER PARAGRAPH (1) OF THIS SUBSECTION TO
PAY NEGOTIATED AMOUNTS INSTEAD OF ALL COUNTY OR MUNICIPAL
CORPORATION PROPERTY TAXES. WHERE APPLICABLE, THE AMOUNT PAID
SHALL BE APPORTIONED BETWEEN HARFORD COUNTY AND THE MUNICIPAL
CORPORATION.

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

Throughout this section, the defined term "governing
body" is substituted for the former reference to the
"County Council", for clarity.

In the introductory language of subsections (a) and
(b) of this section, as to the addition of the phrase
"by law", see revisor's note to § 9-205(a) of this
title.

In subsection (a)(l)(ii) and (iii) 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 General
Revisor's Note to this title.

In subsection (a)(1)(i)l.B. of this section, the
former reference to a community association "which has
no power either by law, covenant, or any other means"