The governing body of Talbot County and the governing body of a municipal corporation in Talbot County shall grant a property tax credit under this section against the county and municipal corporation property tax imposed on: property that: is owned by the Academy of the Arts, Easton, Maryland, Incorporated; is used primarily for the purpose of the organization; and is not used primarily for revenue or income–producing purposes; property that is: owned by the Bailey’s Neck Park Association; and used for charitable purposes; property that is owned by the Maryland Ornithological Society, Incorporated, or any of its chapters; and property that is owned by the Tuckahoe Steam and Gas Association, Incorporated. The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on: property that is owned by the Chesapeake Audubon Society, Inc. and is used solely for: the environmental education of the public; and the maintenance of: a natural area for public use; or a sanctuary for wildlife; and personal property that is: owned by Chesapeake Wildlife Heritage, Incorporated; used primarily for the purpose of the organization; and not used primarily for revenue or income–producing purposes. The governing body of Talbot County may grant, by law, a property tax credit under this section against the county property tax imposed on real property that is: owned or occupied by a commercial or industrial business that is currently or will be doing business in Talbot County; and new construction or a substantial improvement to the real property. The governing body of Talbot County may: set, by law, the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection; adopt any provision necessary to administer a credit granted under paragraph (1) of this subsection; and provide for any other restriction or condition considered desirable on the granting of a credit under paragraph (1) of this subsection. The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on personal property. The governing body of Talbot County or of a municipal corporation in Talbot County may, by law: set the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection; designate subclasses of personal property under § 8–101(c) of this article to which a credit granted under paragraph (1) of this subsection applies; provide for any restriction or condition considered desirable on the granting of a credit under paragraph (1) of this subsection; and adopt any other provisions necessary to administer a credit granted under paragraph (1) of this subsection. The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax that is imposed on real property that is: owned by Habitat for Humanity of Talbot & Dorchester Counties, Inc. with the intention of relinquishing ownership in the immediate future; used exclusively for the purpose of rehabilitation and transfer to a private owner; and not occupied by administrative or warehouse buildings owned by Habitat for Humanity. Habitat for Humanity of Talbot & Dorchester Counties, Inc. shall submit an annual written report to the governing body of Talbot County documenting: all of Habitat for Humanity of Talbot & Dorchester Counties, Inc.’s real property holdings in Talbot County; and all transactions involving Habitat for Humanity of Talbot & Dorchester Counties, Inc.’s real property holdings in Talbot County. The governing body of Talbot County or of a municipal corporation in Talbot County may, by law: set the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection; and adopt any provision necessary to administer a credit granted under paragraph (1) of this subsection.