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Ch. 143
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Martin O'Malley, Governor
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(IV) IF A PROPERTY TAX CREDIT UNDER THIS PARAGRAPH IS
GRANTED FOR PROPERTY LEASED OR RENTED BY A COMMERCIAL OR
INDUSTRIAL BUSINESS:
1. THE AMOUNT OF THE TAX CREDIT ALLOWED
SHALL PASS THROUGH TO THE COMMERCIAL OR INDUSTRIAL BUSINESS THAT
CONDUCTS THE ACTIVITY THAT QUALIFIES FOR THE CREDIT; AND
2. THE TERM OF THE TAX CREDIT MAY NOT EXCEED
THE TERM OF THE LEASE AND MAY NOT EXCEED 10 YEARS.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2007, and shall be applicable to all taxable years beginning after June 30,
2007.
Approved by the Governor, April 24, 2007.
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CHAPTER 144
(Senate Bill 282)
AN ACT concerning
Potomac River Fisheries Commission - Commissioner Compensation
FOR the purpose of authorizing the members of the Potomac River Fisheries
Commission to receive up to a certain amount of compensation for each day or
portion of a day spent in the performance of their duties; providing that
members of the Potomac River Fisheries Commission may not receive more
than a certain amount of compensation in any year; providing that this Act does
not apply to the compensation of the incumbent members of the Potomac River
Fisheries Commission from Maryland; making this Act subject to a certain
contingency; and generally relating to compensation of the members of the
Potomac River Fisheries Commission.
BY repealing and reenacting, with amendments,
Article - Natural Resources
Section 4-306 Article I Section 5
Annotated Code of Maryland
(2005 Replacement Volume and 2006 Supplement)
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- 1221 -
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