Expedited Bill No. _-=-14.!----'-'13"--_ _..-­
Concerning: Historic Preservation - Tax
Credit
Revised: May 13. 2013 Draft No. _1_
Introduced:
June 11. 2013
Enacted:
July 16. 2013
Executive:
July 29. 2013
Effective:
July 29. 2013
Sunset Date: --:..:,No".,n..:.::e'--_ _ _ _ __
Ch,
.J.L.
Laws of Mont. Co.
2013
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
By: Councilmembers Rice, Floreen, EIrich, Ervin, Berliner, and Council President Navarro
AN EXPEOrrEO ACT
to:
(l)
(2)
amend the law related to the percentage of improvement costs on a historic property
that are eligible for a property
tax
credit; and
generally amend the laws governing a
tax
credit for qualified improvement to
historic properties.
By amending
Montgomery County Code
Chapter 52, Taxation
Section 52-43
Boldface
Underlining
[Single boldface brackets]
Double underlining
[[Double boldface bracketsD
* * *
Heading or defined term.
Added to existing law by original bill.
Deletedfrom existing law by original bill.
Added by amendment.
Deletedfrom existing law or the bill by amendment.
Existing law unaffected by bill.
The County Council for Montgomery County, Mary/and approves the fol/owing Act.'
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ExPEDITED BILL
No. 14-13
1
2
Sec.
1.
Section 52-43 is amended as follows:
52-43. Use of tax credit.
3
4
(a)
The tax credit is
[101
25
percent of the taxpayer's qualified expenses
under Section
52-42.
5
6
7
(b)
The
tax
credit applies to the next
tax
year after the year in which the
work or any part is completed. Any unused
tax
credit may be carried
forward to as many as 5 subsequent tax years. However, if the property
is removed as an historic site or excluded from an historic district on the
applicable County or municipal master plan or zoning map, any unused
tax
credit must lapse.
8
9
10
11
Sec. 2.
Expedited Effective Date.
12
13
14
The Council declares that this legislation is necessary for the immediate
protection of the public interest. This Act takes effect on the date on which it
becomes law.
Approved:
15
16
J~.
ancy
~
avarro, Presl ent, COtmty Councli
Date
17
Approved:
18~·
19
This is a correct copy ofCouncil action.
20
~7h.~
Linda M. Lauer, Clerk ofthe Council
Mtc
~;2tJ/3
ate
-2­