Ch. 289

1993 LAWS OF MARYLAND

Article - Tax - Property

9-323.

(D) (1) IN THIS SUBSECTION, "QUALIFYING BUSINESS" MEANS: AN
INDUSTRIAL OR COMMERCIAL BUSINESS THAT IS OR WILL BE DOING BUSINESS IN
WASHINGTON COUNTY, EMPLOYING FIVE OR MORE FULL-TIME EMPLOYEES ON A
REGULAR BASIS, AND THAT IS INITIALLY BUILDING OR MAKING SUBSTANTIAL
IMPROVEMENTS OR OTHERWISE UNDERTAKING NEW CONSTRUCTION WORK.

(2) NOTWITHSTANDING § 9-301(B) OF THIS SUBTITLE AND SUBJECT TO
PARAGRAPH (4) OF THIS SUBSECTION, THE GOVERNING BODY OF WASHINGTON
COUNTY MAY GRANT TO A QUALIFYING BUSINESS A PROPERTY TAX CREDIT
AGAINST ALL OR PART OF THE COUNTY PROPERTY TAX LEVIED ON REAL OR
PERSONAL PROPERTY OF THE QUALIFYING BUSINESS FOR A PERIOD NOT
EXCEEDING 5 YEARS.

(3) A PROPERTY TAX CREDIT GRANTED UNDER THIS SUBSECTION MAY
PHASE IN THE PAYMENT OF COUNTY PROPERTY TAXES OVER THE PERIOD OF THE
CREDIT.

(4) THE GOVERNING BODY OF WASHINGTON COUNTY MAY GRANT A
PROPERTY TAX CREDIT UNDER THIS SUBSECTION ONLY AT A PUBLIC MEETING. THE
DECISION OF THE GOVERNING BODY SHALL BE INCLUDED IN ITS MINUTES.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1993.

Approved May 11, 1993.

CHAPTER 289
(House Bill 217)

AN ACT concerning

Property Leased to Religious Organizations - Tax Credit - Appeals

FOR the purpose of providing that property tax assessment appeal boards have
jurisdiction for appeals concerning a certain optional property tax credit granted by
a county or municipal corporation for certain property leased to religious groups or
religious organizations as authorized under State law.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 3-107

Annotated Code of Maryland
(1986 Volume and 1992 Supplement)

BY repealing and reenacting, without amendments,

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