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Martin O'Malley, Governor
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Ch. 567
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3. certification of the completed rehabilitations;
(ii) the number of proposed projects for which plans of proposed
rehabilitation were approved; and
(iii) the total estimated rehabilitation expenditures stated in
approved applications for approval of plans of proposed rehabilitation and the total
qualified rehabilitation expenditures for completed rehabilitations certified.
(5) The information required under paragraph (4) 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) commercial rehabilitations.
(i) (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 July 1,
[2008] 2010.
(2) On and after July 1, [2008] 2010:
(i) the tax credit authorized under this section may be claimed
for:
1. a rehabilitation project, other than a commercial
rehabilitation, for which an application for approval of a plan of proposed
rehabilitation was received by the Director on or before June 30, [2008] 2010; or
2. a commercial rehabilitation for which an initial credit
certificate has been awarded under subsection (d) of this section; and
(ii) the Director shall continue to report to the Governor and the
General Assembly as required under subsection (h) of this section for as long as any
rehabilitation project for which the tax credit may be claimed remains incomplete.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2007, and shall be applicable to all initial credit certificates issued on or after
July 1, 2007.
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Approved by the Governor, May 17, 2007.
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- 3699 -
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