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§ 7-204.2. Retroactive application of exemptions under § 7-202 or § 7-204 for real property in ...

West's Annotated Code of MarylandTax-PropertyEffective: April 24, 2023

West's Annotated Code of Maryland
Tax-Property
Title 7. Property Tax Exemptions
Subtitle 2. General Property Tax Exemptions
Effective: April 24, 2023
MD Code, Tax - Property, § 7-204.2
§ 7-204.2. Retroactive application of exemptions under § 7-202 or § 7-204 for real property in Baltimore City
Application
(a) A person who applies for an exemption under § 7-202 or § 7-204 of this subtitle for real property in Baltimore City may request that the exemption be applied retroactively for a period of up to 3 taxable years, ending with the taxable year in which the application is filed.
Duties
(b) Subject to subsection (c) of this section and notwithstanding any other provision of this article:
(1) the Department shall grant an exemption for all eligible taxable years to a person who requests a retroactive exemption under this section; and
(2) Baltimore City and the State shall pay a refund to the person for any excess taxes paid due to a retroactive exemption granted under this section.
Review; good cause
(c) A retroactive exemption granted by the Department under this section:
(1) is subject to the review and approval of the Baltimore City Solicitor and Baltimore City Department of Finance; and
(2) may be granted only on a showing of good cause as to why the exemption was not applied for in a timely manner.
Reports
(d) On or before December 1, 2023, and each December 1 through December 1, 2027, the Baltimore City Department of Finance shall submit to the Governor and, in accordance with § 2-1257 of the State Government Article, the General Assembly a report that indicates:
(1) the number of requests for a retroactive exemption under this section that the Baltimore City Department of Finance received and approved during the immediately preceding year; and
(2) any amounts refunded for a retroactive exemption under this section.

Credits

Added by Acts 2023, c. 229, § 1, eff. April 24, 2023; Acts 2023, c. 230, § 1, eff. April 24, 2023.
MD Code, Tax - Property, § 7-204.2, MD TAX PROPERTY § 7-204.2
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document