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Ch. 403 2000 LAWS OF MARYLAND
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SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2000.
Approved May 11, 2000.
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CHAPTER 403
(House Bill 671)
AN ACT concerning
Property Tax Credit - Community Associations
FOR the purpose of authorizing the Mayor and City Council of Baltimore City or the
governing body of a county or of a municipal corporation to grant, by law, a
property tax credit against the county or municipal corporation property tax
imposed on personal property owned by certain community associations;
defining certain terms; and generally relating to authorizing a tax credit against
the county or municipal corporation property tax imposed on certain personal
property.
BY adding to
Article - Tax - Property
Section 9-236
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
9-236.
(A) IN THIS SECTION, "COMMUNITY ASSOCIATION" MEANS:
(1) A NEIGHBORHOOD ORGANIZATION THAT:
(I) IS COMPRISED OF CITY BLOCKS OF AT LEAST 25 HOUSEHOLDS
OR 25% OF THE HOUSEHOLDS OF A LOCAL NEIGHBORHOOD CONSISTING OF 40 OR
MORE INDIVIDUAL HOUSEHOLDS, WHICHEVER IS LESS, AS DEFINED BY SPECIFIC
GEOGRAPHIC BOUNDARIES IN THE BYLAWS OR CHARTER OF THE ASSOCIATION;
(II) IS EXEMPT FROM TAXATION UNDER § 501(C)(3) OR (4) OF THE
INTERNAL REVENUE CODE;
(III) REQUIRES AS A CONDITION OF MEMBERSHIP, THE VOLUNTARY
PAYMENT OF MONETARY DUES OR MEMBERSHIP FEES AT LEAST ANNUALLY; AND
(IV) IS ORGANIZED AND OPERATED FOR ONE OR MORE OF THE
FOLLOWING PURPOSES:
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