§ 9-259. Improved dwellings located in revitalization district
West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2017
Effective: June 1, 2017
MD Code, Tax - Property, § 9-259
§ 9-259. Improved dwellings located in revitalization district
(b) The Mayor and City Council of Baltimore City or 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 dwelling that is:
(c) The tax credit under this section shall equal the amount of county or municipal corporation property tax imposed on the increased value of the dwelling since the last reassessment that is attributable to the improvements made to the property, multiplied by:
(d) If ownership of a dwelling that is eligible for a tax credit under this section is transferred, the grantee is eligible for the balance of the property tax credit under this section in the same manner and under the same conditions as the grantor of the property.
(e) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation shall define, by law, revitalization districts for purposes of the tax credit under this section.
(f) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may provide, by law, for:
Credits
Added by Acts 2017, c. 241, § 1, eff. June 1, 2017.
MD Code, Tax - Property, § 9-259, MD TAX PROPERTY § 9-259
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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