Sec. 10-235.08. Definitions

Corrective action plan means a corrective action plan for a qualified brownfields site under Title 4 of the Environment Article, Annotated Code of Maryland.

Director means the Director of the Office of Finance or the Director's designee.

Increased property tax liability means the increase in the property tax levied on a qualified brownfields site resulting from an increased assessment due to voluntary cleanup of the qualified brownfields site or due to a corrective action plan for the qualified brownfields site. Increased property tax liability includes increases in property taxes levied due to an increased assessment for additional improvements to a qualified brownfields site. Increased property tax liability is calculated after deducting any other property tax credit applicable to the qualified brownfields site.

Property tax means the total County real property tax levied on the qualified brownfields site annually under the Tax-Property Article. Property tax does not include parking district and urban district taxes.

Qualified brownfields site has the meaning given in Section 5-301, Economic Development Article, Annotated Code of Maryland.

Tax-Property Article means the Tax-Property Article of the Annotated Code of Maryland.

Taxable year means the 12-months beginning July 1 and ending June 30.

Voluntary cleanup means a voluntary cleanup of a qualified brownfields site under Title 7, Subtitle 5 of the Economic Development Article, Annotated Code of Maryland.