396                                               LAWS OF MARYLAND                                     Ch. 8

GAS ASSOCIATION, INCORPORATED.

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

In the introductory language of this section, the
defined term "municipal corporation" is substituted
for the former reference to "city", for clarity.

In items (1) through (4) 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.

Defined terms: "County property tax" § 1-101

"Governing body" § 1-101

"Municipal corporation" § 1-101

"Municipal corporation property tax" § 1-101

"Property" § 1-101

9-323. WASHINGTON COUNTY.

(A)  COUNTY OR MUNICIPAL CORPORATION TAX -- OPTIONAL.

(1)  THE GOVERNING BODY OF WASHINGTON COUNTY OR OF A
MUNICIPAL CORPORATION IN WASHINGTON COUNTY MAY GRANT, BY LAW, A
PROPERTY .TAX CREDIT UNDER THIS SECTION AGAINST THE COUNTY OR
MUNICIPAL CORPORATION PROPERTY TAX IMPOSED ON NEW CONSTRUCTION OR
ON AN IMPROVEMENT TO EXISTING PROPERTY.

(2)  THE LAW ADOPTED UNDER PARAGRAPH (1) OF THIS
SUBSECTION SHALL SPECIFY:

(I)  THE QUALIFICATIONS FOR THE TAX CREDIT;

(II)  THE AMOUNT OF THE PROPERTY TAX CREDIT,
BASED ON A PERCENTAGE OF THE COST OF ANY NEW CONSTRUCTION OR OF
ANY IMPROVEMENT TO EXISTING PROPERTY, AND NOT BASED ON THE
INCREASE IN THE ASSESSMENT; AND

(III)  THE DURATION OF THE TAX CREDIT.

(B)  COUNTY TAX -- MANDATORY.

(1) THE GOVERNING BODY OF WASHINGTON COUNTY SHALL
GRANT A PROPERTY TAX CREDIT UNDER THIS SECTION AGAINST THE COUNTY
PROPERTY TAX IMPOSED ON:

(I) PROPERTY THAT IS OWNED BY THE DISTRICT 15
CIVIC ASSOCIATION, INCORPORATED, OF BIG POOL, MARYLAND; AND