The following definitions shall be applicable
to all provisions of this article. In this article, the following
terms have the meanings indicated:
CERTIFICATE OF ELIGIBILITY
The document issued by the Mayor and Town Council of Sykesville
(Mayor and Town Council) to the owner of an eligible property, which
authorizes the Carroll County Department of Finance (Department of
Finance) or the Department of Assessments for Carroll County (Department
of Assessments) to apply a historic tax credit to the eligible property.
COMMISSION
The Historic District Commission created by Chapter
93, Historic Districts.
ELIGIBLE PROPERTY
Property designated by the Commission that is:
A.
A principal structure located within the Historic
District of the Town of Sykesville.
B.
A principal structure listed on the National
Register of Historic Places.
C.
A principal structure that is determined by the Commission as having historic value. (In making designations under this section the Commission shall be guided by the standards contained in Article 66B, § 8.01 et seq., of the Annotated Code of Maryland and in Chapter
93, Historic Districts. For the Town tax credit on limitation of assessment established in §
150-4B of this article, only a property listed individually on the National Register of Historic Places or in a National Register Historic District or within the Historic District of the Town of Sykesville shall be an eligible property.)
D.
An architecturally compatible new structure
located in an Historic District.
ELIGIBLE WORK
A.
Work done on an eligible property:
(1)
In compliance with the standards employed by the Commission under §
93-9 of Chapter
93, Historic Districts;
(2)
After the owner receives initial approval of
an application for a certificate of eligibility;
(3)
In conformance with the application for which
initial approval was given.
B.
Eligible work includes:
(1)
The repair or replacement of exterior features
of the structure;
(2)
Work that is necessary to maintain the physical
integrity of the structure with regard to safety, durability, or weatherproofing;
(3)
Maintenance of the exterior of the structure;
(4)
The construction of an architecturally compatible
new principal structure in an Historic District.
C.
Eligible work does not include:
(1)
New construction, except an architecturally
compatible new structure in an Historic District;
(2)
Interior finish that is not necessary to maintain
the structural integrity of the building; or
(3)
Landscape maintenance or new landscape plantings.
QUALIFIED EXPENSES
The amount of money paid by the owner of an eligible property
to a licensed contractor for eligible work, or for materials used
to do eligible work. In order to be eligible for a tax credit under
this article, qualified expenses must be $5,000 or greater.
A certificate of eligibility runs with the property,
and change in ownership does not result in the lapse of a tax credit.
Both tax credits established by this article
may be utilized at the same time.
Tax-Property Article § 9-308 of the
Annotated Code of Maryland establishes a mandatory tax credit against
Carroll County real property taxes for improvements made to an existing
structure that is located in an Historic District. Upon request of
the owner, the Commission shall forward to the County Commissioners
of Carroll County the certificate of eligibility for use by the county
in granting a credit against county taxes.