§ 9-256. Investments made for adaptive reuse of existing commercial structure
West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2014
Effective: June 1, 2014
MD Code, Tax - Property, § 9-256
§ 9-256. Investments made for adaptive reuse of existing commercial structure
(a)(1) In this section, “qualifying investment” means the cost of installation or rehabilitation of building features for the purpose of bringing an existing commercial structure into compliance with current building codes relating to safety or accessibility.
(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 under this section against the county or municipal corporation property tax imposed on an existing commercial structure in which a qualifying investment is made for the purpose of allowing for adaptive reuse of the structure.
(c) The tax credit under this section may:
(d) 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 2014, c. 538, § 1, eff. June 1, 2014.
MD Code, Tax - Property, § 9-256, MD TAX PROPERTY § 9-256
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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