Ch. 340

LAWS OF MARYLAND

(a) As used in this section, the following words have the
meanings indicated.

(B) "CERTIFIED LOCAL GOVERNMENT" MEANS A LOCAL GOVERNMENT
IN THIS STATE THAT:

(1)  PARTICIPATES IN THE U.S. DEPARTMENT OF INTERIOR
NATIONAL PARK SERVICE CERTIFIED LOCAL GOVERNMENT PROGRAM AS
STIPULATED IN 36 CFR 61;

(2)  CONDUCTS A HISTORIC PRESERVATION PROGRAM THAT IS
CERTIFIED BY THE U.S. DEPARTMENT OF THE INTERIOR NATIONAL PARK
SERVICE AS MEETING ALL OF THE REQUIREMENTS AND CRITERIA OF THE
PROGRAM AS STIPULATED IN 36 CFR 61; AND

(3)  EMPLOYS CRITERIA FOR THE DESIGNATION OF
INDIVIDUAL HISTORIC PROPERTIES AND HISTORIC DISTRICTS THAT ARE
APPROVED BY THE MARYLAND HISTORICAL TRUST AS BEING CONSISTENT
WITH CRITERIA UTILIZED BY THE MARYLAND HISTORICAL TRUST.

[(b)] (C) "Certified nondepreciable historic structure"
means a building or structure which is not of a character subject
to the depreciation allowance provided in § 167 or § 168 of the
Internal Revenue Code and which, but for not being of such
character, would be a "certified historic structure" as:

(1)  Listed in the National Register of Historic
Places; [or]

(2)  Located in a registered historic district and
certified as being of historic significance by:

(i) The United States Secretary of the
Interior; or                                                                       

(ii) The Maryland Historical Trust;

(3)  DESIGNATED BY A CERTIFIED LOCAL GOVERNMENT AS AN
INDIVIDUAL HISTORIC SITE; OR

(4)  LOCATED IN A DISTRICT DESIGNATED AS HISTORIC BY A
CERTIFIED LOCAL GOVERNMENT AND CERTIFIED AS BEING OF HISTORIC
SIGNIFICANCE IN THE DISTRICT BY THE CERTIFIED LOCAL GOVERNMENT.

[(c)] (D) "Certified rehabilitation" means any
rehabilitation of a certified nondepreciable historic structure
which is consistent with the historic character of that property
or district as determined in accordance with regulations
promulgated by the Comptroller.

[(d)] (E) "Amortizable basis" means the portion of the
basis attributable to amounts expended for certified
rehabilitation.

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