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Ch. 505
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2002 LAWS OF MARYLAND
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(4) VALUATION AND ASSESSMENT OF AGRICULTURAL PRESERVATION
LAND SHALL BE MADE IN THE SAME MANNER AS ANY OTHER REAL PROPERTY IN THE
COUNTY.
(H) (1) THE GOVERNING BODY OF FREDERICK COUNTY MAY GRANT, BY LAW,
A PROPERTY TAX CREDIT UNDER THIS SECTION AGAINST THE COUNTY PROPERTY
TAX IMPOSED ON A BUILDING THAT IS:
(I) LOCATED ON LAND THAT. QUALIFIES FOR AN AGRICULTURAL
USE ASSESSMENT; AND
(II) USED IN CONNECTION WITH AN ACTIVITY THAT IS
RECOGNIZED BY THE DEPARTMENT AS AN APPROVED AGRICULTURAL ACTIVITY.
(2) THE GOVERNING BODY OF FREDERICK COUNTY:
(I) SHALL DEVELOP CRITERIA NECESSARY TO IMPLEMENT THE
CREDIT;
(II) SHALL DESIGNATE AN AGENCY TO ADMINISTER THE CREDIT;
AND
(III) MAY SPECIFY:
1. THE AMOUNT AND DURATION OF THE CREDIT;
2. THE QUALIFICATIONS AND APPLICATION PROCEDURES
FOR THE CREDIT; AND
3. ANY OTHER REQUIREMENT OR PROCEDURE FOR
GRANTING OR ADMINISTRATION OF THE CREDIT THAT GOVERNING BODY DEEMS
APPROPRIATE.
(I) (1) Except as provided under paragraph (2) of this subsection, a property
tax credit granted under this section shall continue until the property is conveyed.
(2) A property tax credit granted under subsection (d) [or], (e), OR (G) of
this section shall continue as long as the property is in compliance with the terms of
that subsection.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2002 and shall be effective for applicable to all taxable years beginning after
June 30, 2002.
Approved May 16, 2002.
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- 3912 -
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