WILLIAM DONALD SCHAEFER, Governor                        S.B. 689

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

(1) property that:

(i) is owned by the Academy of the Arts, Easton, Maryland,
Incorporated;

(ii) is used primarily for the purpose of the organization; and

(iii) is not used primarily for revenue or income producing purposes;

(2) property that is:

(i) owned by the Bailey's Neck Park Association; and

(ii) used for charitable purposes;

(3) property that is owned by the Maryland Ornithological Society,
Incorporated, or any of its chapters; and

(4) property that is owned by the Tuckahoe Steam and Gas Association,
Incorporated.

9-323.

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

(i) property that is owned by the District 15 Civic Association,
Incorporated, of Big Pool, Maryland; [and]

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

(III) PERSONAL PROPERTY THAT IS OWNED BY MID EAST MILK LAB
SERVICES, INCORPORATED; AND

(IV) REAL PROPERTY THAT IS SUBJECT TO THE COUNTY'S
AGRICULTURAL LAND PRESERVATION PROGRAM.

(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;

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