Section 9-320 - St. Mary's County. - Maryland Statutes

§ 9-320. St. Mary's County.
 

(a)  Specific properties.-  

(1) The governing body of St. Mary's County may grant, by law, a property tax credit under this section against county property tax imposed on: 

(i) property that is: 

1. owned by the St. George's Island Improvement Association, Incorporated; and 

2. used only for community or civic purposes; 

(ii) real property that is owned by the Seventh District Optimist Youth Foundation, Inc.; 

(iii) real property, including any improvements, that is subject to a State or a county land preservation program; and 

(iv) real property that: 

1. was formerly used solely as a tobacco barn; and 

2. is subject to a tobacco buyout agreement. 

(2) In authorizing a credit under paragraph (1)(iv) of this subsection, the governing body of the county may provide, by law, for: 

(i) the amount of the credit; 

(ii) the duration of the credit; and 

(iii) any other provision necessary to administer the credit. 

(b)  Personal property.-  

(1) The governing body of St. Mary's County may grant, by law, a property tax credit against the county property tax imposed on personal property. 

(2) A law adopted under paragraph (1) of this subsection may provide for: 

(i) the amount of a credit; 

(ii) the subclasses of personal property under § 8-101(c) of this article to which the credit applies; and 

(iii) other provisions necessary to administer the credit. 

(c)  Schools.-  

(1) The governing body of St. Mary's County or of a municipal corporation in St. Mary's County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on real property that is: 

(i) leased to a nonprofit school; and 

(ii) used exclusively for primary or secondary educational purposes. 

(2) A property tax credit granted under this subsection shall continue as long as the property is in compliance with the terms of this subsection. 
 

[An. Code 1957, art. 81, § 9C; 1985, ch. 8, § 2; 1987, ch. 70; 1989, ch. 456; 1997, chs. 479, 684; 2001, ch. 641; 2005, ch. 195; 2006, chs. 38, 336; 2008, ch. 75; 2010, ch. 472.]