S.B. 689                                                  VETOES

(2) property that is owned by the Cambridge Little League, Incorporated.
9-312.

(a)     (1) The governing body of Frederick County [and] OR of a municipal
corporation in Frederick County [shall] MAY grant a property tax credit under this
section against the county [and] OR municipal corporation property tax imposed on
property that:

(i) is owned by the Frederick Optimist Boy's Foundation,
Incorporated; and

(ii) is not under a lease or rented commercially.

(2) In paragraph (1) of this subsection, commercial renting does not include
the operation of a parking lot.

(b)    (1) The governing body of Frederick County [shall] MAY grant a property
tax credit under this section against the county tax imposed on:

(i) real property that is owned by the Emmitsburg Civic Association,
Incorporated; and

(ii) real property on which an improvement is made to an existing
structure that is located in a historic district.

(2) A property tax credit granted under paragraph (1)(ii) of this subsection
shall be:

(i) the following percentage of the increase that is due to the
improvement:

1. 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. 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. 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. 40% of the increase in the assessment of the real property in
the 5th taxable year that the 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.

9-313.

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

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