PARRIS N. GLENDENING, Governor Ch. 415

property tax credit for certain real property owned or occupied by a commercial or
industrial business.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-315

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

9-315.

(a) The governing body of Howard County may grant, by law, a property tax credit
under this section against the county property tax imposed on:

(1) property that:

(i) is owned by any community association;

(ii) is used for community, civic, educational, library, or park purposes;

and

(iii) is not a swimming pool, tennis court, or similar recreational

facility;

(2) real property that is subject to the county's agricultural land
preservation program; and

(3) subject to subsections (b) and (c) of this section, real property that is
new construction or an improvement to real property [of] OWNED OR OCCUPIED BY a
commercial or industrial business that:

(i) is currently or will be doing business in Howard County;

(ii) will employ at least 12 additional full-time local employees by the
second year in which the credit is allowed, not including any employee filling a job created
when a job function is shifted from an existing location in the State to the location of the
new construction or improvement; and

(iii) makes a substantial investment in Howard County, which may be:

1. the acquisition of a building, land, or equipment that totals at

least $2,000,000; or

2. the creation of 10 positions with salaries greater than the
current average annual wage in Howard County.

(b) In establishing a tax credit under subsection (a)(3) of this section, the
governing body of Howard County:

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