§ 9-207. New or rehabilitated dwellings
West's Annotated Code of MarylandTax-Property
MD Code, Tax - Property, § 9-207
§ 9-207. New or rehabilitated dwellings
(a)(1) In this section, “dwelling” means:
(b)(1) A property tax credit granted under this section applies only to county or municipal corporation property tax.
(c) If the owner of a dwelling applies to the county or the municipal corporation where the dwelling is located for a property tax credit under this section, the appropriate governing body may grant, by law, a property tax credit not exceeding 100% of the county or municipal corporation property tax imposed on the dwelling.
(d) The appropriate governing body may:
(e) When the owner of a dwelling applies to the appropriate governing body for a property tax credit under this section, the owner shall certify that the dwelling is unsold and unrented.
(f) A recipient of a property tax credit under this section shall send immediately on or before the date of occupancy to the appropriate governing body a notice that the dwelling has been sold, rented, or occupied.
(g) A property tax credit granted under this section is available:
(h) If a recipient of a property tax credit under this section fails to comply with the provisions of this section, the property tax credit under this section is forfeited immediately.
Credits
Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986.
Formerly Art. 81, § 12G-1.
MD Code, Tax - Property, § 9-207, MD TAX PROPERTY § 9-207
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.
End of Document |