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Martin O'Malley, Governor
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Ch. 143
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CHAPTER 143
(Senate Bill 274)
AN ACT concerning
Garrett County - Property Tax Credit - New or Expanding Businesses
FOR the purpose of authorizing the governing body of Garrett County to grant, by law,
a property tax credit against the county property tax imposed on certain real
property owned or occupied by certain businesses in Garrett County under
certain circumstances and subject to certain limitations and requirements;
authorizing the governing body of Garrett County to specify, by law, certain
criteria for qualification for the credit and to provide, by law, for the amount
and duration of the credit, qualifications and application procedures for the
credit, and other provisions for the credit; providing for the application of this
Act; and generally relating to authorization for a property tax credit in Garrett
County for certain real property owned or occupied by certain businesses in
Garrett County under certain circumstances.
BY adding to
Article - Tax - Property
Section 9-313(b)(7)
Annotated Code of Maryland
(2001 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
9-313.
(b) (7) (i) the governing body of Garrett county may
grant, by law, a property tax credit under this section against the
county property tax imposed on real property that is new
construction or an improvement to real property owned or
occupied by a commercial or industrial business that:
1. is currently or will be doing business in
Garrett County;
2. will employ at least 12 additional
full-time local employees in the county by the second year in which
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