§ 9-205. Manufacturing, fabricating, assembling, or research and development facility
West's Annotated Code of MarylandTax-Property
MD Code, Tax - Property, § 9-205
§ 9-205. Manufacturing, fabricating, assembling, or research and development facility
(a) The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on part or all of the property of any manufacturing, fabricating, or assembling facility that:
(b) A property tax credit under this section may be granted on up to 100% of the county or municipal corporation property tax against the property described in subsection (a) of this section.
(c) A property tax credit granted under this section may be granted for the period of years from the date of completion of a new facility or expansion of a facility that the Mayor and City Council of Baltimore City or the appropriate governing body determines.
(d) The Mayor and City Council of Baltimore City or the appropriate governing body may:
(e) The Mayor and City Council of Baltimore City or each governing body shall designate the administrative unit or official to administer the property tax credit granted under this section.
(f) When a tax bill is sent to a taxpayer who may be eligible for a property tax credit under this section, the Mayor and City Council of Baltimore City or the appropriate governing body shall give notice of the property tax credit under this section to the taxpayer.
(h) Each governing body that grants a property tax credit under this section shall submit to the Department a copy of the law granting the credit.
(i)(1) Except as provided in paragraph (2) of this subsection, to the extent that a county grants a tax credit under this section for manufacturing personal property described in § 7-225 of this article, the personal property may not be treated as taxable personal property for the purpose of computing any payments of State aid to education under § 5-202 of the Education Article or other payments of State aid to counties or municipal corporations that by law are based on the assessment of property.
Credits
Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1986, c. 822; Acts 1996, c. 174, § 1, eff. July 1, 1996; Acts 1998, c. 659, § 1, eff. Oct. 1, 1998; Acts 2000, c. 492, § 2, eff. June 1, 2000; Acts 2000, c. 493, § 2, eff. June 1, 2000.
Formerly Art. 81, § 9C.
MD Code, Tax - Property, § 9-205, MD TAX PROPERTY § 9-205
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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