(A) Definitions. For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning. Any words not defined herein shall have their generally accepted meaning:
STORMWATER MANAGEMENT PARCEL. The parcel of land, as indicated on the record plat, as encompassing the stormwater management structure.
STORMWATER MANAGEMENT STRUCTURE. A facility utilizing vegetative and/or structural measures that control the increased volume or rate of stormwater runoff caused by man-made changes to the land and/or that reduce or eliminate pollutants that might otherwise be carried by stormwater runoff.
(2004 Code, § 209-12)
(B) Amount of credit. A credit for county real property taxes in the amount of 100% shall be granted annually to any residential homeowners’ association for stormwater management parcels which it owns.
(2004 Code, § 209-13)
(C) Implementation. This section shall be implemented according to procedures adopted by the Department of the Comptroller, or its successor agency.
(2004 Code, § 209-14)
(D) Period of effectiveness. The tax credit granted under this section is effective as long as the stormwater management parcel is owned by a residential homeowners’ association.
(2004 Code, § 209-15)
(Ord. 130, passed 2-15-1995)