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§ 12-115. Transfer of rental dwelling, Charles County; tax credit

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 12. Recordation Taxes (Refs & Annos)
MD Code, Tax - Property, § 12-115
§ 12-115. Transfer of rental dwelling, Charles County; tax credit
Currentness
In general
(a) The governing body of Charles County may grant, by law, a credit, in whole or in part, against the recordation tax imposed on an instrument of writing which transfers property in Charles County to targeted businesses relocating, expanding, or undertaking new construction in Charles County.
Eligibility, conditions or restrictions, calculation
(b) The law adopted under subsection (a) of this section shall specify:
(1) the criteria for eligibility for the tax credit;
(2) any desired conditions or restrictions on the granting of the credit; and
(3) the method for calculating the amount of the tax credit.

Credits

Added by Acts 1999, c. 631, § 1, eff. Oct. 1, 1999.
MD Code, Tax - Property, § 12-115, MD TAX PROPERTY § 12-115
Current through legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document