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PARRIS N. GLENDENING, Governor Ch. 541
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(3) THE REPORT REQUIRED ON JANUARY 15 OF EACH YEAR SHALL
SUMMARIZE FOR THE PRECEDING CALENDAR YEAR for each category of certified
rehabilitations specified in paragraph (3) (4) of this subsection:
(i) The number of applicants [for certification of rehabilitations
during the preceding calendar year] FOR:
1. CERTIFICATION THAT A STRUCTURE OR PROPERTY WILL
QUALIFY AS A CERTIFIED HERITAGE STRUCTURE;
2. APPROVAL OF PROPOSED REHABILITATION
EXPENDITURES REHABILITATIONS; OR
3. CERTIFICATION OF COMPLETED REHABILITATIONS;
(ii) The number of PROPOSED REHABILITATIONS APPROVED AND
THE NUMBER OF COMPLETED rehabilitations certified as qualifying for the tax credit
under this section [during the preceding calendar year]; AND
(iii) The total PROPOSED MAXIMUM ESTIMATED REHABILITATION
EXPENDITURES APPROVED FOR PURPOSES OF THE CREDIT FOR PROPOSED
REHABILITATIONS STATED IN APPROVED APPLICATIONS FOR APPROVAL OF PLANS
OF PROPOSED REHABILITATION AND THE TOTAL qualified rehabilitation
expenditures for COMPLETED rehabilitations certified [during the preceding calendar
year]; and.
(iv) The average PROPOSED REHABILITATION EXPENDITURES OF
PROPOSED REHABILITATIONS APPROVED AND THE AVERAGE qualified rehabilitation
expenditures of COMPLETED rehabilitations certified [during the preceding calendar
year].
(3) (4) The information required under paragraph (2) (3) of this
subsection shall be provided in the aggregate and separately for each of the following
categories of certified rehabilitations:
(i) Owner-occupied single family residential structures; AND
(ii) Other single family residential structures;
(iii) Multifamily residential structures; and
(iv) Nonresidential structures.
(II) COMMERCIAL REHABILITATIONS FOR WHICH THE MAXIMUM
CREDIT DOES NOT EXCEED $3,000,000; AND
(III) COMMERCIAL REHABILITATIONS FOR WHICH THE MAXIMUM
CREDIT IS GREATER THAN $3,000,000.
(H) (1) SUBJECT TO THE PROVISIONS OF THIS SUBSECTION, THE
PROVISIONS OF THIS SECTION AND THE TAX CREDIT AUTHORIZED UNDER THIS
SECTION SHALL TERMINATE AS OF JUNE 1, 2004.
(2) ON AND AFTER JUNE 1, 2004:
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- 4121 -
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