4060

VETOES

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
IS:

(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

(II)  ACCEPTED AND APPROVED BY THE BOARD OF
PUBLIC WORKS ON OR AFTER JULY 1, 1986 AFTER JUNE 30, 1986.

(B)  THERE SHALL BE A PROPERTY TAX CREDIT GRANTED UNDER THIS
SECTION AGAINST THE PROPERTY TAX IMPOSED ON CONSERVATION
PROPERTY.

(C)  ON OR BEFORE OCTOBER 1 OF THE TAXABLE YEAR FOR WHICH
PROPERTY TAX RELIEF UNDER THIS SECTION IS SOUGHT, AN OWNER OF
CONSERVATION PROPERTY MAY APPLY TO THE DEPARTMENT FOR THE
PROPERTY TAX CREDIT. THE APPLICATION SHALL BE MADE ON THE FORM
THAT THE DEPARTMENT PROVIDES.

(D)  THE PROPERTY TAX CREDIT PROVIDED UNDER THIS SECTION
SHALL BE GRANTED AGAINST 100% OF ALL PROPERTY TAX THAT OTHERWISE
WOULD BE DUE.

(E)  VALUATION AND ASSESSMENT OF CONSERVATION PROPERTY SHALL
BE MADE IN THE SAME MANNER AS ANY OTHER REAL PROPERTY IN THE
COUNTY.

(F)  A PROPERTY TAX CREDIT GRANTED UNDER THIS SECTION IS
EFFECTIVE FOR 15 CONSECUTIVE TAX YEARS BEGINNING JULY 1 FOLLOWING
THE DONATION OF THE EASEMENT.