WILLIAM DONALD SCHAEFER, Governor                         Ch. 661

[(i)] (1) the following percentage of the increase that is due to the

improvement:

[1.] (I) 100% of the increase in the assessment of the real
property in the 1st and 2nd taxable years that the improved structure is subject to the
county property tax;

[2] (II) 80% of the increase in the assessment of the real
property in the 3rd taxable year that the improved structure is subject to the county
property tax;

[3] (III) 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;

[4.] (IV) 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)](2) ended after the 5th taxable year that the improved structure is
subject to county property tax.

[(b) (1) The governing body of Carroll 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 the Maryland Jaycees Foundation, Incorporated, of
Carroll County; and

2. located at 602 Johahn Drive in Westminster, Maryland; and

(ii) real property that is:

1. leased by the Sykesville Little League, Incorporated;

2. located east of Obrecht Road in the 5th election district of
Carroll County; and

3. used only by the Sykesville Little League, Incorporated.]

[(2)](C) A property tax credit granted under [paragraph (1)(i)of this
subsection] SUBSECTION (A)(III) OF THIS SECTION shall continue in effect until the
property is conveyed.

9-309.

The governing body of Cecil County [and] OR of a municipal corporation in Cecil
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 owned by the Society for the Preservation of Maryland
Antiquities, Incorporated; and

- 2959 -