Ch. 479 1997 LAWS OF MARYLAND

(3) FOR THE TAXABLE YEAR BEGINNING JULY 1, 1999 AND EACH
TAXABLE YEAR THEREAFTER, ALL PERSONS PROPERTY IS NOT SUBJECT TO
VALUATION OR COUNTY PROPERTY TAX.

9-320.

(A) The governing body of St. Mary's County may grant, by law, a property tax
credit under this section against county property tax imposed on:

(1) property that is:

(i) owned bv the St. George's Island Improvement Association.
Incorporated; and

(ii) used only for community or civic purposes:

(2) real property that is owned bv the Seventh District Optimist Youth
Foundation. Inc.: and

(3) a building other than a tobacco barn that is:

(i) located on land that qualifies for an agricultural use assessment;

and

(ii) used in connection with an activity that is recognized by the
Department as an approved agricultural activity.

(B) (1) THE GOVERNING BODY OF ST. MARY'S COUNTY MAY GRANT. BY
LAW, A PROPERTY TAX CREDIT AGAINST THE COUNTY PROPERTY TAX IMPOSED ON
PERSONAL PROPERTY.

(2) A LAW ADOPTED UNDER PARAGRAPH (1) OF THIS SUBSECTION MAY
PROVIDE FOR:

(I) THE AMOUNT OF A CREDIT;

(II) THE SUBCLASSES OF PERSONAL PROPERTY UNDER § 8-101 (C)
OF THIS ARTICLE TO WHICH THE CREDIT APPLIES: AND

(III) OTHER PROVISIONS NECESSARY TO ADMINISTER THE CREDIT.

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

Approved May 8, 1997.

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