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Session Laws, 1997
Volume 795, Page 2662   View pdf image
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Ch. 416

1997 LAWS OF MARYLAND

(1) shall develop criteria necessary to implement the credit;

(2) shall designate an agency to administer the credit; and

(3) may specify:

(i) the amount and duration of the credit;

(ii) the qualifications and application procedures for the credit; and

(iii) any other requirement or procedure for the granting or
administration of the credit that the governing body considers appropriate.

(c) (l) A property tax credit under subsection (a)(3) of this section may not
exceed the amount of county property tax imposed on the increase in assessment that is
due to the new construction or improvements made to the property of the [business
entity] PERSON applying for the credit.

(2) IF A PROPERTY TAX CREDIT UNDER SUBSECTION (A)(3) OF THIS
SECTION IS GRANTED FOR PROPERTY LEASED OR RENTED BY A COMMERCIAL OR
INDUSTRIAL BUSINESS ALLOWED UNDER THIS SUBSECTION:

(I) THE AMOUNT OF THE TAX CREDIT ALLOWED SHALL PASS
THROUGH TO THE COMMERCIAL OR INDUSTRIAL BUSINESS THAT CONDUCTS THE
ACTIVITY THAT QUALIFIES FOR THE CREDIT; AND

(II) THE TERM OF THE TAX CREDIT MAY NOT EXCEED THE TERM
OF THE LEASE AND MAY NOT EXCEED 10 YEARS.

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

Approved May 8, 1997.

CHAPTER 416
(House Bill 194)

AN ACT concerning

Parole - Mandatory Supervision

FOR the purpose of modifying the definition of mandatory supervision to limit its
application to offenders who are serving a term of confinement of more than a
certain number of months; providing for the application of this Act; providing for
the effective date of this Act; and generally relating to mandatory supervision.

BY repealing and reenacting, with amendments,

Article 41 - Governor - Executive and Administrative Departments
Section 4-501(13)
Annotated Code of Maryland

- 2662 -

 

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Session Laws, 1997
Volume 795, Page 2662   View pdf image
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