HARRY HUGHES, Governor

2175

CHAPTER 621

(Senate Bill 285)

AN ACT concerning

Property Tax - Credit - Conservation Easements

FOR the purpose of providing for a mandatory credit against the
State, county, municipal corporation, and special district
property tax for certain land on which a certain
conservation easement has been donated to a certain entity;
requiring a qualified landowner to apply to the Department
of Assessments and Taxation for the tax credit by a certain
date; providing for the amount and duration of the tax
credit; requiring certain valuation and assessment
procedures to be used; defining a certain term; requiring
certain acceptance and approval of the easement before the
credit is available; providing for the effective date of
this Act; and generally relating to a mandatory property tax
credit for land on which a certain conservation easement has
been granted.

BY adding to

Article - Tax - Property
Section 9-107

Annotated Code of Maryland
(1986 Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Tax - Property

9-107.

(A) IN THIS SECTION, "CONSERVATION PROPERTY" MEANS LAND
THAT IS:

(1)  UNIMPROVED;

(2)  NOT USED FOR COMMERCIAL PURPOSES; AND

(3)  SUBJECT TO A PERPETUAL CONSERVATION EASEMENT THAT

(I) DONATED TO THE MARYLAND ENVIRONMENTAL TRUST
AND IDENTIFIES THE TRUST AS A GRANTEE UNDER TITLE 3, SUBTITLE 2
OF THE NATURAL RESOURCES ARTICLE; AND