Sec. 52-102. Property tax credit — nonprofit swim clubs.

The Director of Finance must allow a tax credit each year against the general County tax and all special service area taxes imposed on a nonprofit swim club that uses its facility exclusively to provide a recreational outlet for a local community.

For each taxable year, the Director must calculate the amount of the credit so that the credit equals the property tax owed.

The County Executive may issue regulations under method (2) to administer this tax credit.