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PARRIS N. GLENDENING, Governor Ch. 492
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(2) PARAGRAPH (1) OF THIS SUBSECTION DOES NOT APPLY TO
PROPERTY UNLESS THE COUNTY THAT GRANTS A TAX CREDIT UNDER THIS SECTION
FOR THE PROPERTY SUBMITS TO THE DEPARTMENT, ON OR BEFORE OCTOBER 31 OF
THE TAXABLE YEAR FOR WHICH THE CREDIT IS GRANTED:
(I) THE INFORMATION REQUIRED UNDER § 9-201(B) OF THIS
SUBTITLE REGARDING THE TAX CREDIT; AND
(II) AN ITEMIZED LIST OF THE PROPERTY TAX CREDITS GRANTED
FOR MANUFACTURING PERSONAL PROPERTY DESCRIBED IN § 7-225 OF THIS
ARTICLE.
9-302.
(i) (1) The governing body of Allegany County may grant a county property
tax credit or exemption for machinery and equipment used in manufacturing,
assembling, processing, or refining products for sale or in the generation of electricity
and may define, fix, or limit the amount, terms, scope, and duration of any credit or
exemption provided for or affirmed under this subsection.
(2) TO THE EXTENT THAT A TAX CREDIT OR EXEMPTION IS GRANTED
FOR PERSONAL PROPERTY UNDER THIS SUBSECTION FOR MACHINERY AND
EQUIPMENT USED IN MANUFACTURING, ASSEMBLING, PROCESSING, OR REFINING
PRODUCTS FOR SALE, THE PERSONAL PROPERTY MAY NOT BE TREATED AS TAXABLE
PERSONAL PROPERTY FOR THE PURPOSE OF COMPUTING ANY PAYMENTS OF STATE
AID TO EDUCATION UNDER § 5-202 OF THE EDUCATION ARTICLE OR OTHER
PAYMENTS OF STATE AID TO COUNTIES OR MUNICIPAL CORPORATIONS THAT BY LAW
ARE BASED ON THE ASSESSMENT OF PROPERTY.
(3) TO THE EXTENT THAT A TAX CREDIT OR EXEMPTION IS GRANTED
UNDER THIS SUBSECTION FOR MACHINERY AND EQUIPMENT THAT IS USED IN THE
GENERATION OF ELECTRICITY FOR A FACILITY THAT STARTED GENERATING
ELECTRICITY PRIOR TO JUNE 1, 2000, THE PROPERTY MAY NOT BE TREATED AS
TAXABLE PERSONAL PROPERTY FOR THE PURPOSE OF COMPUTING ANY PAYMENTS
OF STATE AID TO EDUCATION UNDER § 5-202 OF THE EDUCATION ARTICLE OR OTHER
PAYMENTS OF STATE AID TO COUNTIES OR MUNICIPAL CORPORATIONS THAT BY
LAW ARE BASED ON THE ASSESSMENT OF PROPERTY.
(3) (4) PARAGRAPH (2) PARAGRAPHS (2) AND (3) OF THIS SUBSECTION
DOES DO NOT APPLY TO ANY PERSONAL PROPERTY UNLESS ALLEGANY COUNTY
SUBMITS TO THE DEPARTMENT, ON OR BEFORE OCTOBER 31 OF THE TAXABLE YEAR
FOR WHICH THE TAX CREDIT OR EXEMPTION FOR THE PROPERTY IS GRANTED, THE
INFORMATION REQUIRED UNDER § 9-201(B) OF THIS TITLE REGARDING THE TAX
CREDIT OR EXEMPTION.
SECTION 3. AND BE IT FURTHER ENACTED, That, on or before June 1,
2000, each county that for the taxable year ending June 30, 2000, has granted a tax
credit under § 9-205 of the Tax - Property Article for manufacturing personal
property described in § 7-225 of the Tax - Property Article or has granted a tax credit
or exemption for personal property under § 9-302(i) of the Tax - Property Article shall
submit to the Department of Assessments and Taxation the information for the
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- 2607 -
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