[Adopted 3-28-2013 by Bill No. 2-13, effective 7-1-2013]
A.
Authority. This article is authorized under the provisions of § 9-232
of the Tax Property Article of the Annotated Code of Maryland.
B.
Jurisdiction. This article shall apply in both the unincorporated
and the incorporated areas of Allegany County.
C.
Applicability. An owner of residential real property located within
Allegany County may be eligible for a tax credit against the County
property tax imposed on improvements to real property if there is
installed in the improvements a complete automatic fire protection
sprinkler system, installed in accordance with accepted codes and
standards established by the Maryland State Fire Prevention Commission,
and after satisfying the requirements of this article.
As used in this article, the following terms shall have the
meanings indicated:
An automatic fire protection sprinkler system installed in
a newly constructed residential property in accordance with accepted
codes and standards established by the Maryland State Fire Prevention
Commission.
Person, persons, partnership, limited-liability corporation,
or corporation owning real property in Allegany County, Maryland.
A newly constructed one- or two-family dwelling, constructed
in accordance with the Maryland Building Performance Standard, with
local amendments, arranged for the occupancy of one family per unit.
A tax credit granted pursuant to this article.
July 1, 2013, through June 30, 2014, and each tax year thereafter.
A.
Subject to rules and regulations promulgated under this article,
a tax credit is available for owners who have constructed a residential
property containing a complete automatic fire protection sprinkler
system.
B.
The tax credit granted under this article shall be in the amount
of $1,000 per tax year, for a period of three tax years, which tax
credit shall be against the County property tax imposed upon said
residential property.
[Amended 5-5-2016 by
Bill No. 2-16, effective 7-1-2016]
C.
A tax credit granted under this article may be assigned to any subsequent
owner.
D.
In order to qualify for the tax credit, the owner must demonstrate
to the satisfaction of Allegany County that the automatic fire protection
sprinkler system has been constructed and installed in accordance
with accepted codes and standards established by the Maryland State
Fire Prevention Commission.
A.
The tax credit granted to an owner shall be for a period of three
tax years, beginning with the first tax year following the installation
of the automatic fire protection sprinkler system.
B.
Expiration.
(1)
This tax credit program will expire after June 30, 2020.
[Amended 5-5-2016 by
Bill No. 2-16, effective 7-1-2016]
(2)
An owner receiving a tax credit at the time of the expiration of
the tax credit program shall continue to receive the tax credit for
the balance of the three tax years of the tax credit.
The Board of County Commissioners of Allegany County, Maryland,
may promulgate and adopt regulations for the administration and enforcement
of this article's provisions.
