[Adopted 11-15-2011 by Ord. No. 2011-12[1]]
[1]
Editor's Note: This ordinance provided that it shall apply to the tax year beginning 7-1-2012 and thereafter.
[Amended 11-13-2012 by Ord. No. 2012-12]
The statutory authority for this article is the Tax-Property Article, § 9-252, regarding tax credit for property owned by Habitat for Humanity, as amended by House Bill 558-2011.
A. 
In accordance with the provisions of the Tax-Property Article, § 9-252, of the Annotated Code of Maryland, there is hereby established a County property tax credit of 100% for real property, provided that:
(1) 
The property is owned by Habitat for Humanity with the intention of relinquishing ownership in the near future;
(2) 
The property is used for the purposes of development, rehabilitation and transfer to a private owner; and
(3) 
The property is not occupied by administrative or warehouse buildings owned by Habitat for Humanity.
B. 
Habitat for Humanity shall submit an annual written report on or before June 30 each year to the County Executive and Cecil County Council documenting:
(1) 
All of Habitat for Humanity's real property holdings in the County; and
(2) 
All transactions involving Habitat for Humanity's real property holdings in Cecil County.
C. 
The tax credit for each property shall continue until such time as the property is transferred from Habitat for Humanity to another entity, but in no event for more than five years.