(a) Creation. There is a tax credit from County real property taxes levied on property owned by the Village Commons Community Center, Inc.
(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 credit. The Controller shall grant the credit if the application meets the requirements of this section.
(1985 Code, Art. 6, § 1-104.7) (Bill No. 45-04; Bill No. 17-10; Bill No. 48-10; Bill No. 118-15; Bill No. 66-16; Bill No. 81-17; Bill No. 76-18; Bill No. 17-20)