H.B. 525                                                  VETOES

House Bill No. 525

AN ACT concerning

Land Value Taxation - Municipal Corporations                 

FOR the purpose of establishing separate subclasses in real property for land and
improvements to land for municipal corporations; authorizing the governing body of
a municipal corporation to set a special property tax rate for the subclass of land;
and generally relating to enabling authority for municipal corporations to set a
special property tax rate for land and to establishing certain-subclasses of property for
municipal corporations.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 6-303(a) and (c)(1) and 8-101(b)
Annotated Code of Maryland
(1986 Volume and 1993 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Tax - Property

6-303..

(a)     (1)' Except as OTHERWISE provided in [paragraph (2) of] this subsection
and § 6-305 of this subtitle, in each year after the date of finality and before the following
July 1, the governing body of each municipal corporation annually shall set the tax rate for
the next taxable year on all assessments of property subject to municipal corporation
property tax.

(2)     If not otherwise prohibited by this article, the governing body of a
municipal corporation may set special rates for any class of property that is subject to the
municipal corporation property tax.

(3)     THE GOVERNING BODY OF A MUNICIPAL CORPORATION MAY SET A
SPECIAL RATE FOR THE SUBCLASS OF LAND.

(c) (1) Except as provided in [subsection (a)(2)] SUBSECTION (A)(1) AND (2)
(A)(2) AND (3) of this section and § 6-305 of this subtitle, there shall be a single municipal
corporation property tax rate for all property subject to municipal corporation property
tax.

8-101.                                                             

(b)     Real property is a class of property and is divided into the following
subclasses:

(1) land that is actively devoted to farm or agricultural use, assessed under §
8-209 of this title;

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