(a) Creation. There is a tax credit from County real property taxes levied on property that is:
(1) owned by Arundel Habitat for Humanity, Inc. with the intention of relinquishing ownership in the immediate future; used exclusively for the purpose of rehabilitation and transfer to a private owner; and is not occupied by administrative or warehouse buildings owned by Habitat for Humanity; and
(2) owned by Arundel Habitat for Humanity, Inc. and located at 8101 Fort Smallwood Road, Baltimore, Maryland, or 8104 Parkway Drive, Baltimore, Maryland.
(b) Time for filing application. An application for the tax credit created by this section shall be filed on or before October 1 prior to the tax year for which the credit is sought. If the application is filed after October 1, the credit shall be disallowed that year but shall be treated as an application for the tax credit for the next succeeding year.
(c) Form of application. An application for the tax credit shall be submitted to the Controller on a form that the Office of Finance requires; be accompanied by a current certificate of good standing for the applicant from the State Department of Assessments and Taxation; and include any additional information the Controller believes necessary to determine whether the tax credit should be granted.
(d) Grant of application. The credit shall be granted by the Controller if the application meets the requirements of this section.
(Bill No. 48-10; Bill No. 17-20)