HARRY HUGHES, Governor                                        781

4. 40% of the increase in the assessment
of the real property in the 5th taxable year that the improved
structure is subject to the county property tax[.]; AND

(ii) ended after the 5th taxable year that the
improved structure is subject to county property tax.

9-305.

(a) The governing body of Baltimore County shall grant a
property tax credit under this section against the county tax
imposed on:

(1)  real property that is owned by the Harford Park
Improvement Association of Baltimore County, Incorporated;

(2)  property that is:

(i) owned by the Lynch Point Improvement
Association, Incorporated,[;

(ii) ] of River Drive in Baltimore County; and

[(iii)] (II) used only for a community or civic
purpose;

(3)  real property that is owned by the Chestnut Ridge
Improvement Association of Baltimore County, Incorporated; AND

(4)  property that is:

(i) owned by the Relay Improvement Association
of Baltimore County, Incorporated; and

(ii) used only for a community, civic,
educational, recreational, or library purpose, if the use is not
contingent on the payment of compensation, unless the
compensation is used only to improve or maintain the property.

9-314.

(a) (1) The governing body of Harford County may grant, by
law, a property tax credit under this section against the county
property tax imposed on:

(i) real property that is:

1. owned by any incorporated community
association:

A. whose membership is limited to
voluntary subscriptions of the residents of the community or
development; and