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Martin O'Malley, Governor Ch. 68
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(2) real property that is subject to the county's agricultural land
preservation program;
(3) subject to subsections (b) and (c) of this section, real property that
is new construction or an improvement to real property owned or occupied by a
commercial or industrial business that:
(i) is currently or will be doing business in Howard County;
(ii) will employ at least 12 additional full-time local employees
by the second year in which the credit is allowed, not including any employee filling a
job created when a job function is shifted from an existing location in the State to the
location of the new construction or improvement; and
(hi) makes a substantial investment in Howard County, which
may be:
1. the acquisition of a building, land, or equipment that
totals at least $2,000,000; or
2. the creation of 10 positions with salaries greater than
the current average annual wage in Howard County; [and]
(4) subject to subsection (b) of this section, real property that is used
as a therapeutic riding facility by a nonprofit organization that:
(i) is exempt from taxation under § 501(c)(3) of the Internal
Revenue Code;
(ii) provides services to disabled individuals; and
(iii) has at least 85% of its clients who are disabled
individuals!.]; AND
(5) SUBJECT TO SUBSECTION (B) OF THIS SECTION,
OWNER-OCCUPIED RESIDENTIAL REAL PROPERTY THAT IS JOINTLY OWNED BY
AN INDIVIDUAL AND THE HOWARD COUNTY HOUSING COMMISSION.
(b) In establishing a tax credit under subsection (a)(3) [and (4)] THROUGH
(5) of this section, the governing body of Howard County:
(1) shall develop criteria necessary to implement the credit;
(2) shall designate an agency to administer the credit; and
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- 915 -
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