PARRIS N. GLENDENING, Governor

Ch. 84

Allegany County to grant a property tax credit for qualifying rehabilitated property
under regulations adopted by the governing body; capping the amount of the credit
and time period for which the credit may apply; and generally relating to
authorization for the granting of a property tax credit by the City of Cumberland
and Allegany County for certain rehabilitated property.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-302(g)
Annotated Code of Maryland
(1994 Replacement Volume and 1996 Supplement)

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

Article - Tax - Property

9-302. 

(g) (1) The governing body of ALLEGANY COUNTY OR OF the City of
Cumberland may grant, by law, a property tax credit under this section against the
COUNTY AND municipal corporation tax imposed on property that is rehabilitated under
regulations adopted by the governing body.

(2) A property tax credit granted under paragraph (1) of this subsection [is
allowed for] MAY NOT EXTEND BEYOND the [1st 3] FIRST 10 years after the
rehabilitation is completed.

(3) The amount of a tax credit granted under paragraph (1) of this
subsection may not exceed the amount of the initial valuation of the rehabilitation to the
property and the resulting phase-in of the valuation.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1997.

Approved April 8, 1997.

CHAPTER 84
(House Bill 294)

AN ACT concerning

Business Occupations - Private Detectives

FOR the purpose of altering the time table for license renewal and expiration; requiring
the Secretary of the Department of State Police to develop a regulation regarding
the expiration months of certain licenses altering the terms and renewal of certain
private detective agency licenses; requiring the Secretary of the Department of
State Police to stagger the terms of certain private detective agency licenses by

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