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§ 9-234. Vacant or underutilized commercial buildings

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 2. Statewide Optional
MD Code, Tax - Property, § 9-234
§ 9-234. Vacant or underutilized commercial buildings
Currentness
In general
(a) The governing body of a county or municipal corporation may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on real property containing a vacant or underutilized commercial building that:
(1) was built primarily for office, industrial, or other commercial purposes;
(2) was last used for office, industrial, or other commercial purposes; and
(3) is renovated for use primarily as housing.
Conditions
(b) The governing body of a county or municipal corporation may establish conditions for the granting of a property tax credit under paragraph (1) of this subsection, including:
(1) eligibility criteria;
(2) application procedures; and
(3) provisions for a payment in lieu of taxes to the county or municipal corporation by the recipient of the tax credit.

Credits

Added by Acts 1999, c. 351, § 1, eff. Oct. 1, 1999.
MD Code, Tax - Property, § 9-234, MD TAX PROPERTY § 9-234
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