EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
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SENATE BILL 502
Q2 4lr3378
CF 4lr2793
By: Senator McKay
Introduced and read first time: January 24, 2024
Assigned to: Budget and Taxation
A BILL ENTITLED
AN ACT concerning 1
Allegany County – Property Tax Credit – Evergreen Heritage Center 2
FOR the purpose of authorizing the governing body of Allegany County or a municipal 3
corporation in Allegany County to grant, by law, a property tax credit against the 4
county or municipal corporation property tax imposed on property that is owned by 5
a certain entity; and generally relating to a property tax credit in Allegany County. 6
BY repealing and reenacting, with amendments, 7
Article – Tax – Property 8
Section 9–302(b)(16) and (17) 9
Annotated Code of Maryland 10
(2019 Replacement Volume and 2023 Supplement) 11
BY adding to 12
Article – Tax – Property 13
Section 9–302(b)(18) 14
Annotated Code of Maryland 15
(2019 Replacement Volume and 2023 Supplement) 16
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 17
That the Laws of Maryland read as follows: 18
Article – Tax – Property 19
9–302. 20
(b) The governing body of Allegany County or of a municipal corporation in 21
Allegany County may grant, by law, a property tax credit under this section against the 22
county or municipal corporation property tax imposed on: 23
(16) property that is: 24 2 SENATE BILL 502
(i) owned by: 1
1. The Lions Center, LLC; 2
2. The Lions Center I, LLC; or 3
3. The Lions Center II, LLC; and 4
(ii) known as The Lions Center for Rehabilitation and Extended 5
Care; [and] 6
(17) property that is owned by the Cumberland Economic Development 7
Corporation; AND 8
(18) PROPERTY THAT IS OWN ED BY EVERGREEN HERITAGE CENTER 9
FOUNDATION, INC., OR EVERGREEN HERITAGE CENTER HOLDINGS, LLC. 10
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 11
1, 2024, and shall be applicable to all taxable years beginning after June 30, 2024. 12