PARRIS N. GLENDENING, Governor                             S.B. 581

Senate Bill No. 575

AN ACT concerning

Frederick County - Property Tax Credit - Leased Property Used for Educational

Purposes

FOR the purpose of authorizing the governing body of Frederick County and a municipal
corporation in Frederick County to grant, by law, a property tax credit against
county or municipal corporation property tax imposed on real property leased to a
nonprofit school and used exclusively for primary or secondary educational
purposes; and providing for the duration of the property tax credit.

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-312(e) and (f)
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

9-312.

(e) THE GOVERNING BODY OF FREDERICK COUNTY AND OF A MUNICIPAL
CORPORATION IN FREDERICK COUNTY MAY GRANT, BY LAW, A PROPERTY TAX
CREDIT UNDER THIS SECTION AGAINST THE COUNTY OR MUNICIPAL CORPORATION
PROPERTY TAX IMPOSED ON REAL PROPERTY THAT IS:

(1)     LEASED TO A NONPROFIT SCHOOL; AND

(2)     USED EXCLUSIVELY FOR PRIMARY OR SECONDARY EDUCATIONAL
PURPOSES.

(F) A taxpayer may apply for a property tax credit under this section on or before
October 1 of the taxable year.

[(f)] (G) (1) Except as provided under paragraph (2) of this subsection, a
property tax credit granted under this section shall continue until the property is
conveyed.

(2) A property tax credit granted under subsection (d) OR (E) of this section
shall continue as long as the property is in compliance with the terms of that subsection.

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

May 22, 1997

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