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§ 9-240. Arts and entertainment districts

West's Annotated Code of MarylandTax-PropertyEffective: October 1, 2008

West's Annotated Code of Maryland
Tax-Property
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 2. Statewide Optional
Effective: October 1, 2008
MD Code, Tax - Property, § 9-240
§ 9-240. Arts and entertainment districts
Currentness
“Arts and entertainment district”, “arts and entertainment enterprise”, and “qualifying residing artist” defined
(a) In this section, “arts and entertainment district”, “arts and entertainment enterprise”, and “qualifying residing artist” have the meanings stated in § 4-701 of the Economic Development Article.
In general
(b) The governing body of a county or municipal corporation may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on a manufacturing, commercial, or industrial building that:
(1) is located in an arts and entertainment district; and
(2) is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise.
Duration
(c) A tax credit granted under this section may not be granted for more than 10 years.

Credits

Added by Acts 2001, c. 608, § 1, eff. July 1, 2001. Amended by Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2005, c. 175, § 1, eff. June 1, 2005; Acts 2008, c. 307, § 1, eff. Oct. 1, 2008.
MD Code, Tax - Property, § 9-240, MD TAX PROPERTY § 9-240
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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