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Ch. 130
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2000 LAWS OF MARYLAND
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CHAPTER 130
(House Bill 485)
AN ACT concerning
Wicomico County - Property Tax Exemption Credit - Salisbury Area
Chamber of Commerce, Inc.
FOR the purpose of providing an exemption from property tax for the Salisbury Area
Chamber of Commerce, Inc.; and providing for the application of this Act
authorizing the governing body of Wicomico County or of a municipal corporation
in Wicomico County to grant, by law, a property tax credit against the county or
municipal corporation property tax imposed on property that is owned by a
certain organization; authorizing Wicomico County or a municipal corporation in
Wicomico County to provide, by law, for certain provisions relating to the
property tax credit; and generally relating to property tax credits in Wicomico
County.
BY adding to
Article - Tax - Property
Section 7-241 9-324(c)
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
7-241.
PROPERTY IS NOT SUBJECT TO PROPERTY TAX IF THE PROPERTY IS OWNED BY
THE SALISBURY AREA CHAMBER OF COMMERCE, INC.
9-324.
(C) (1) THE GOVERNING BODY OF WICOMICO COUNTY OR THE GOVERNING
BODY OF A MUNICIPAL CORPORATION IN WICOMICO COUNTY MAY GRANT, BY LAW, A
PROPERTY TAX CREDIT AGAINST THE COUNTY OR MUNICIPAL CORPORATION
PROPERTY TAX IMPOSED ON PROPERTY THAT IS OWNED BY THE SALISBURY AREA
CHAMBER OF COMMERCE, INC.
(2) THE GOVERNING BODY OF WICOMICO COUNTY OR OF A MUNICIPAL
CORPORATION IN WICOMICO COUNTY MAY PROVIDE, BY LAW, FOR:
(I) THE AMOUNT AND DURATION OF A PROPERTY TAX CREDIT
UNDER THIS SUBSECTION; AND
(II) ANY OTHER PROVISION NECESSARY TO CARRY OUT THIS
SUBSECTION.
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