|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 146
|
|
|
|
|
2000 LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
9-307.
(E) (1) THE GOVERNING BODY OF CAROLINE COUNTY MAY GRANT, BY LAW,
A PROPERTY TAX CREDIT AGAINST THE COUNTY PROPERTY TAX IMPOSED ON REAL
PROPERTY THAT:
(I) IS OWNED BY CAROLINE COUNTY HABITAT FOR HUMANITY,
INCORPORATED WITH THE INTENTION OF RELINQUISHING OWNERSHIP IN THE
IMMEDIATE FUTURE;
(II) IS USED EXCLUSIVELY FOR THE PURPOSE OF REHABILITATION
AND TRANSFER TO A PRIVATE OWNER; AND
(III) IS NOT OCCUPIED BY ADMINISTRATIVE OR WAREHOUSE
BUILDINGS OWNED BY CAROLINE COUNTY HABITAT FOR HUMANITY,
INCORPORATED.
(2) THE CAROLINE COUNTY HABITAT FOR HUMANITY, INCORPORATED
SHALL SUBMIT AN ANNUAL WRITTEN REPORT TO THE GOVERNING BODY OF
CAROLINE COUNTY DOCUMENTING:
(I) ALL OF CAROLINE COUNTY HABITAT FOR HUMANITY,
INCORPORATED'S REAL PROPERTY HOLDINGS IN CAROLINE COUNTY; AND
(II) ALL TRANSACTIONS INVOLVING CAROLINE COUNTY HABITAT
FOR HUMANITY, INCORPORATED'S REAL PROPERTY HOLDINGS IN CAROLINE COUNTY.
(3) THE GOVERNING BODY OF CAROLINE COUNTY MAY PROVIDE, BY
LAW, FOR:
(I) THE AMOUNT OF A PROPERTY TAX CREDIT UNDER THIS
SUBSECTION;
(II) THE DURATION OF A PROPERTY TAX CREDIT UNDER THIS
SUBSECTION; AND
(III) ANY OTHER PROVISION NECESSARY TO CARRY OUT THIS
SUBSECTION
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2000.
|
|
|
|
|
|
|
|
Approved April 25, 2000.
|
|
|
|
|
|
|
- 826 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
![clear space](../../../images/clear.gif) |