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PARRIS N. GLENDENING, Governor Ch. 505
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2002.
Approved May 16, 2002.
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CHAPTER 505
(House Bill 337)
AN ACT concerning
Frederick County - Property Tax Credits - Agricultural Preservation Land
and Farm Buildings
FOR the purpose of authorizing the Frederick County Board of County
Commissioners to grant a certain property tax credit for county property tax
imposed on certain agricultural preservation land; authorizing the Board to
grant a local property tax credit for farm buildings; requiring the Board to
develop certain criteria relating to a certain credit; authorizing the Board to
provide certain procedural or enforcement provisions to carry out this Act;
providing for the valuation and assessment of certain agricultural preservation
land; allowing a certain tax credit granted to continue under certain conditions;
providing for the application of this Act; and generally relating to certain
property tax credits for certain agricultural preservation land and farm
buildings in Frederick County.
BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-312
Annotated Code of Maryland
(2001 Replacement Volume and 2001 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
9-312.
(a) (1) The governing body of Frederick County and of a municipal
corporation in Frederick County shall grant a property tax credit under this section
against the county and municipal corporation property tax imposed on property that:
(i) is owned by the Frederick Optimist Boy's Foundation,
Incorporated; and
(ii) is not under a lease or rented commercially.
(2) In paragraph (1) of this subsection, commercial renting does not
include the operation of a parking lot.
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