Altering provisions for the award of initial credit certificates under
the Heritage Tax Credit; requiring the Director of the Maryland
Historical Trust to adopt regulations to establish criteria for plans
of proposed rehabilitation for purposes of the Maryland heritage
structure rehabilitation tax credits; increasing from 50 percent to 75
percent the percentage of the total credits under initial credit
certificates for any fiscal year that may be issued for projects in a
single jurisdiction; extending the credit to July 1, 2010; etc.