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2007 Laws of Maryland
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Ch. 579
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real property that is renovated, upgraded, or rehabilitated in designated areas
of the county.
BY adding to
Article - Tax - Property
Section 9-308(d)
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
9-308.
(D) (1) THE GOVERNING BODY OF CARROLL COUNTY MAY GRANT, BY
LAW, A PROPERTY TAX CREDIT AGAINST THE COUNTY PROPERTY TAX IMPOSED
ON REAL PROPERTY THAT IS:
(I) LOCATED IN DESIGNATED GEOGRAPHIC REGIONS OF
THE COUNTY;
(II) OWNED BY SPECIFIED CLASSES OF PERSONS; AND
(III) RENOVATED, UPGRADED, OR REHABILITATED IN
ACCORDANCE WITH ELIGIBILITY CRITERIA ESTABLISHED BY THE COUNTY.
(2) THE GOVERNING BODY OF CARROLL COUNTY, BY LAW, MAY:
(I) SPECIFY THE GEOGRAPHIC AREAS OF THE COUNTY,
CLASSES OF OWNERS, AND TYPES OF IMPROVEMENTS TO PROPERTY ELIGIBLE
FOR THE TAX CREDIT;
(II) ESTABLISH THE AMOUNT AND DURATION OF THE TAX
CREDIT;
(III) ESTABLISH ELIGIBILITY CRITERIA FOR THE TAX
CREDIT; AND
(IV) PROVIDE FOR ANY OTHER PROVISION NECESSARY TO
CARRY OUT THE TAX CREDIT UNDER THIS SECTION.
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- 3766 -
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