HARRY HUGHES, Governor                                        769

7-506.

(a) (2) In this [subsection] SUBSECTION, "urban renewal
area":

(i) means an urban renewal project that is
acquired and disposed of by the Mayor and City Council of
Baltimore City under the Baltimore City Charter, Article II(15);
and

(ii) does not include the Madison Park North,
the Madison Park South, and the Mount Vernon projects.

8-203.

An assessment OR VALUE of real property continues in effect
from year to year until changed as provided by this title.

8-209.

(g) (7) The gross income requirement of paragraph (2) of
this subsection does not apply:

(i) if the owner is at least 70 years of age
and applies for [the exemption on] WAIVER OF THE GROSS INCOME
REQUIREMENT AS TO land that was assessed on July 1, 1984, on the
basis of farm or agricultural use under the law or regulations of
the Department that were in effect on or before that date;

(ii) if the owner becomes disabled and is
unable to continue the farm or agricultural use of the land and
applies for the exemption on WAIVER OF THE GROSS INCOME
REQUIREMENT AS TO land that is assessed on the basis of farm or
agricultural use; or

(iii) if the land is actively used as a family
farm unit.

(8) The [Director may not grant exemptions] INCOME
WAIVER under paragraph (7)(i) or (ii) of this subsection MAY NOT
BE GRANTED for more than 2 consecutive 3-year periods.

8-211.

(i) (1) Woodland shall be reassessed when:

(i) [at the end of an agreement,] AN AGREEMENT
ENDS;

(II) timber is harvested, unless harvested
according to the plan developed by the Department of Natural
Resources;

[(ii)] (III) land subject to an agreement is
conveyed to a new owner; or