§ 9-228. Commercial buildings; updated electronics
West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2011
Effective: June 1, 2011
MD Code, Tax - Property, § 9-228
§ 9-228. Commercial buildings; updated electronics
(a) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a tax credit against the county or municipal corporation property tax imposed on a commercial or residential building located in an eligible area to which qualifying renovations have been made to meet state-of-the-art communications and utility standards for accommodating advanced computer and telecommunications systems, including fiber-optic cable, emergency electrical capacity, and emergency backup power.
(b) For any taxable year, the amount of a property tax credit granted under this section may not exceed the lesser of:
(d) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may designate an area within the county or municipal corporation as an area eligible for the tax credit under this section if the area is eligible for designation as a sustainable community under the Neighborhood Business Development Program created under Title 6, Subtitle 3 of the Housing and Community Development Article.
(e) A property tax credit may be granted under this section if a designee of the county or municipal corporation:
(f) The Mayor and City Council of Baltimore or the governing body of a county or municipal corporation may establish:
Credits
Added by Acts 1996, c. 289, § 1, eff. July 1, 1996. Amended by Acts 1996, c. 10, § 21, eff. April 9, 1996; Acts 1998, c. 72, § 1, eff. July 1, 1998; Acts 2000, c. 61, § 6, eff. April 25, 2000; Acts 2005, c. 44, § 1, eff. Oct. 1, 2005; Acts 2011, c. 145, § 1, eff. June 1, 2011.
MD Code, Tax - Property, § 9-228, MD TAX PROPERTY § 9-228
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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