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PARRIS N. GLENDENING, Governor
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Ch. 360
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County or of a municipal corporation in Talbot County to grant, by law, a
property tax credit against the county or municipal corporation property tax
imposed on certain personal property; authorizing the governing body of Talbot
County or of a municipal corporation in Talbot County to set the amount, terms,
scope, and duration of the credit; authorizing the governing body of Talbot
County or of a municipal corporation in Talbot County to designate subclasses of
personal property to which the credit applies; authorizing the governing body of"
Talbot County or of a municipal corporation in Talbot County to provide certain
restrictions or conditions on the credit or to adopt other provisions necessary to
administer the credit; and generally relating to authority for the Town of Easton
Talbot County or a municipal corporation in Talbot County to grant a property
tax credit for certain personal property.
BY adding to
Article - Tax - Property
Section 9-322(d)
Annotated Code of Maryland
(1994 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
9-322.
(D) (1) THE GOVERNING BODY OF THE TOWN OF EASTON TALBOT COUNTY
OR OF A MUNICIPAL CORPORATION IN TALBOT COUNTY MAY GRANT, BY LAW, A
PROPERTY TAX CREDIT UNDER THIS SECTION AGAINST THE COUNTY OR MUNICIPAL
CORPORATION PROPERTY TAX IMPOSED ON PERSONAL PROPERTY.
(2) THE GOVERNING BODY OF THE TOWN OF EASTON TALBOT COUNTY
OR OF A MUNICIPAL CORPORATION IN TALBOT COUNTY MAY, BY LAW:
(I) SET THE AMOUNT, TERMS, SCOPE, AND DURATION OF A CREDIT
GRANTED UNDER PARAGRAPH (1) OF THIS SUBSECTION;
(II) DESIGNATE SUBCLASSES OF PERSONAL PROPERTY UNDER §
8-101(C) OF THIS ARTICLE TO WHICH A CREDIT GRANTED UNDER PARAGRAPH (1) OF
THIS SUBSECTION APPLIES;
(III) PROVIDE FOR ANY RESTRICTION OR CONDITION CONSIDERED
DESIRABLE ON THE GRANTING OF A CREDIT UNDER PARAGRAPH (1) OF THIS
SUBSECTION; AND
(IV) ADOPT ANY OTHER PROVISIONS NECESSARY TO ADMINISTER A
CREDIT GRANTED UNDER PARAGRAPH (1) OF THIS SUBSECTION.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2000.
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Approved May 11, 2000.
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- 2057 -
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