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PARRIS N. GLENDENING, Governor
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S.B. 750
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We have protected over one million acres of land in Maryland and, for the first time,
we are preserving more land than we are losing to development. Senate Bill 750 is one
of several bills that passed this year and in prior years which, taken together, would
seriously erode our efforts to preserve land for future generations. I respectfully urge
future Governors and future legislatures to remain vigilant in these protection efforts
and proceed cautiously in altering these programs.
For the above reasons, I have vetoed Senate Bill 750.
Sincerely,
Parris N. Glendening
Governor
Senate Bill No. 750
AN ACT concerning
Property Tax - Assessment of Tax Credits for Conservation Property
FOR the purpose of altering the valuation and assessment for property tax purposes
of certain property subject to certain perpetual conservation easements under
certain circumstances; providing for a new subclass of real property for
assessment purposes; providing for the application of this Act; and generally
relating to the valuation and assessment of certain property subject to perpetual
conservation easements providing for a certain tax credit by altering the date by
which certain donations of certain conservation land may have been made in
order to qualify for a county or municipal property tax credit; and generally
relating to tax credits for conservation property.
BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 8-101(b) and 9-107 9-220
Annotated Code of Maryland
(2001 Replacement Volume and 2001 Supplement)
BY adding to
Article—Tax—Property
Section 8-209.1
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
8-101.
(b) Real property is a class of property and is divided into the following
subclasses:
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