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VETOES
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S.B. 750
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(1) land that is actively devoted to farm or agricultural use, assessed
under § 8-209 of this title;
(2) marshland, assessed under § 8-210 of this title;
(3) woodland, assessed under § 8-211 of this title;
(4) land of a country club, assessed under §§ 8-212 through 8-217 of this
title;
(5) land that is used for a planned development, assessed under §§ 8-220
through 8-225 of this title;
(6) rezoned real property that is used for residential purposes, assessed
under §§ 8-226 through 8-228 of this title;
(7) operating real property of a railroad;
(8) operating real property of a public utility;
(9) CONSERVATION PROPERTY, ASSESSED UNDER § 8-209.1 OF THIS
TITLE; and
[(9)] (10) all other real property that is directed by this article to be
assessed.
8-209.1.
(A) IN THIS SECTION:
(1) SUBJECT TO ITEM (2) OF THIS SUBSECTION, "CONSERVATION
PROPERTY" HAS THE MEANING STATED IN § 9-107 OF THIS ARTICLE; AND
(2) "CONSERVATION PROPERTY" INCLUDES:
(I) LAND THAT IS SUBJECT TO A PERPETUAL CONSERVATION
EASEMENT THAT WAS ACCEPTED AND APPROVED BY THE BOARD OF PUBLIC WORKS
ON OR BEFORE JUNE 30, 1986; AND
(II) LAND AS TO WHICH THE PROPERTY TAX CREDIT UNDER § 9-107
OF THIS ARTICLE IS GRANTED, EVEN AFTER THE EXPIRATION OF THE TAX CREDIT.
(B) CONSERVATION PROPERTY SHALL BE VALUED AT A RATE EQUIVALENT TO
THE LOWEST RATE THAT IS USED TO VALUE LAND THAT IS ELIGIBLE FOR
AGRICULTURAL USE ASSESSMENT UNDER § 8-209 OF THIS SUBTITLE.
(C) NOTWITHSTANDING § 8-209(C) OF THIS SUBTITLE, CONSERVATION
PROPERTY IS NOT REQUIRED TO BE ACTIVELY USED FOR FARM OR AGRICULTURAL
PURPOSES TO BE ELIGIBLE FOR VALUATION AS PROVIDED IN THIS SECTION.
9-107.
(a) In this section, "conservation property" means land that is:
(1) unimproved;
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- 4840 -
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