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<section number="10-235.08" name="Definitions" law="code" slug="sec-10-235.08" node_id="PTIITI17PULOLAPRGECOMA_SUBTITLE_10FITA_DIV8TAASLECO_SD5GBRPRTACR_S10-235.08DE">
  <level label="a">
    <text>In this Subdivision, the following words have the meanings indicated.</text>
    <level label="1">
      <text>Corrective action plan means a corrective action plan for a qualified brownfields site under Title 4 of the Environment Article, Annotated Code of Maryland.</text>
    </level>
    <level label="2">
      <text>Director means the Director of the Office of Finance or the Director's designee.</text>
    </level>
    <level label="3">
      <text>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.</text>
    </level>
    <level label="4">
      <text>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.</text>
    </level>
    <level label="5">
      <text>Qualified brownfields site has the meaning given in Section 5-301, Economic Development Article, Annotated Code of Maryland.</text>
    </level>
    <level label="6">
      <text>Tax-Property Article means the Tax-Property Article of the Annotated Code of Maryland.</text>
    </level>
    <level label="7">
      <text>Taxable year means the 12-months beginning July 1 and ending June 30.</text>
    </level>
    <level label="8">
      <text>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.</text>
    </level>
  </level>
</section>
