WILLIAM DONALD SCHAEFER, Governor                         Ch. 661

3. 60% of the increase in the assessment of the real property in
the 4th taxable year that the improved structure is subject to the county property tax; and

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,

[(d) The governing body of Allegany County may grant, by law, a property tax
credit under this section against the county property tax imposed on real property that is:

(1) owned by the Greater Cumberland Chamber of Commerce.

(2) known as the Bell Tower Building; and

(3) located in Cumberland, Maryland.]

(e) The governing body of Allegany County [shall] MAY grant, BY LAW, a
property tax credit under this section against the county and special district property tax
imposed on:

(1) property that is owned by the Cresuptown Civic Improvement
Association, Incorporated; and

(2)     property that is owned by the Potomac Park Citizens Committee,
Incorporated.

9-303.

(a) The governing body of Anne Arundel County [and] OR of a municipal
corporation in Anne Arundel County [shall] MAY grant, BY LAW, a property tax credit
under this section against the county [and] OR municipal corporation property tax
imposed on:

(1) property that is:

(i) owned by the United States Naval Academy Alumni Association,
Incorporated;

(ii) located at the corner of College Avenue and King George Street in
Annapolis, Maryland; and

(iii) known as Ogle Hall;

(2)     property that is:

(i) owned by the Naval Academy Athletic Association; and

(ii) used for athletic events and purposes;

(3) real property that is owned by the Three River Sportsmen,
Incorporated; [and]

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