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PARRIS N. GLENDENING, Governor
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Ch. 474
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(i) is conveyed or assigned in perpetuity or for a fixed period of
time to the Nature Conservancy or to a government or unit of a government; and
(ii) limits use of the land to preserve the natural open character of
the land.
(3) "Natural open character" means an area of great natural scenic
beauty, open space, natural conditions, or present use that:
(i) enhances the present or potential value of adjacent
development; or
(ii) maintains or enhances the conservation of natural or scenic
resources.
(b) Any land subject to an easement shall be assessed on the basis of its value
as required by this subtitle, but the value shall be adjusted by the effect of the
easement on the land.
(C) THE DEPARTMENT SHALL ADOPT REGULATIONS ESTABLISHING THE
VALUE OF LAND ASSESSED UNDER THIS SECTION.
SECTION 2. AND BE IT FURTHER ENACTED, That:
(1) On or before September 30, 2002, the Department of Assessments
and Taxation may enter into agreements with golf courses to provide the manner of
assessing the land and course improvements of a golf course as provided in §§ 8-212
through 8-218 of the Tax - Property Article; and
(2) Notwithstanding § 8-213(c)(5) or (d)(2) of the Tax - Property Article
or any other provision of law, the agreements entered into under this section on or
before September 30, 2002 shall be effective beginning with the January 1, 2002 date
of finality for assessments for the property tax year beginning July 1, 2002.
SECTION 3. AND BE IT FURTHER ENACTED, That, notwithstanding any
other provision of law, for a country club that as of January 1, 2002 was subject to an
existing agreement with the Department of Assessments and Taxation under § 8-213
of the Tax - Property Article, the provisions of § 8-213(c)(l) and (d)(1) of the Tax -
Property Article as enacted under Section 1 of this Act shall be effective beginning
with the January 1, 2002 date of finality for assessments for the property tax year
beginning July 1, 2002.
SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2002.
Approved May 16, 2002.
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- 3787 -
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