expenditures in the rehabilitation of a certified historic structure in a state
other than Maryland to claim a certain tax credit against certain Maryland
taxes if the other state has in effect a reciprocal historic rehabilitation tax credit
program and agreement for taxpayers of that state who rehabilitate historic
structures in Maryland; providing for the application of this Act; and generally

relating to a certain tax credit for certain rehabilitation expenditures.

BY repealing and reenacting, with amendments, 

Article 83B - Department of Housing and Community Development
Section 5-801

Annotated Code of Maryland

(1998 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF

MARYLAND, That the Laws of Maryland read as follows: 

Article 83B - Department of Housing and Community Development

5-801.

(a) (1) In this section the following words have the meanings indicated.

(2) "Business entity" means a person conducting or operating a trade or
business in the State.

(3) "Certified heritage area" has the meaning stated in § 13-1101(d) of
the Financial Institutions Article.

(4) "Certified heritage structure" means a structure that is:

(i) Listed in the National Register of Historic Places;

(ii) Designated as a historic property under local law;

(iii) 1. Located in a historic district listed on the National
Register of Historic Places or in a local historic district; and

2. Certified by the Director of the Maryland Historical Trust
as contributing to the significance of the district; or

(iv) Located in a certified heritage area and which has been
certified by the Maryland Heritage Areas Authority as contributing to the
significance of the certified heritage area.

(5) "Certified rehabilitation" means rehabilitation of a certified heritage
structure which the Director certifies is substantial rehabilitation in conformance
with the rehabilitation standards of the United States Secretary of the Interior.

(6) "Director" means the Director of the Maryland Historical Trust.

(7) "Local historic district" means a district that the governing body of a
county or municipal corporation, or the Mayor and City Council of Baltimore, has
designated under local law as historic.