§ 9-323. Washington County
West's Annotated Code of MarylandTax-PropertyEffective: May 8, 2020
Effective: May 8, 2020
MD Code, Tax - Property, § 9-323
§ 9-323. Washington County
New construction; improved property; community organizations; property owned or occupied by specific class of people
(a)(1) The governing body of Washington County or of a municipal corporation in Washington County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on:
1. a volunteer firefighter;
2. a member of the fire police; or
3. an emergency medical technician; or
(b)(1) The governing body of Washington County shall grant a property tax credit under this section against the county property tax imposed on:
1. 100% of the increase in the assessment of the real property in the 1st and 2nd taxable years that the improved structure is subject to the county property tax;
2. 80% of the increase in the assessment of the real property in the 3rd taxable year that the improved structure is subject to the county property tax;
3. 60% of the increase in the assessment of the real property in the 4th taxable year that the improved structure is subject to the county property tax; and
4. 40% of the increase in the assessment of the real property in the 5th taxable year that the improved structure is subject to the county property tax; and
(c) The governing body of Washington County may grant, by law, a property tax credit under this section against the county property tax imposed on:
(d)(1) In this subsection, “qualifying business” means an industrial or commercial business that is or will be doing business in Washington County, employing five or more full-time employees on a regular basis, and that is initially building or making substantial improvements or otherwise undertaking new construction work.
(2) Notwithstanding § 9-301(b) of this subtitle and subject to paragraph (4) of this subsection, the governing body of Washington County may grant to a qualifying business a property tax credit against all or part of the county property tax levied on real or personal property of the qualifying business for a period not exceeding 5 years.
(e)(1) The governing body of Washington County may grant a property tax credit against the county property tax imposed on renovated or rehabilitated business real property located in a priority funding area as designated in Title 5, Subtitle 7B of the State Finance and Procurement Article.
(f)(1)(i) In this subsection the following words have the meanings indicated.
(iii) If a new or existing business entity in the county meets the requirements of paragraph (4)(iii) of this subsection, the property tax credit granted under this subsection shall equal a percentage of the amount of county property tax imposed on the assessment of the new or expanded premises, as follows:
(g)(1)(i) In this subsection the following words have the meanings indicated.
Credits
Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1988, c. 379; Acts 1990, c. 170; Acts 1991, c. 603; Acts 1992, c. 22, § 1; Acts 1992, c. 111; Acts 1993, c. 288; Acts 2000, c. 455, § 1, eff. July 1, 2000; Acts 2001, c. 245, § 1, eff. June 1, 2001; Acts 2002, c. 89, § 1, eff. June 1, 2002; Acts 2003, c. 468, § 2, eff. June 1, 2003; Acts 2009, c. 446, § 1, eff. June 1, 2009; Acts 2012, c. 650, § 1, eff. June 1, 2012; Acts 2015, c. 211, § 1, eff. June 1, 2015; Acts 2016, c. 362, § 1, eff. June 1, 2016; Acts 2016, c. 363, § 1, eff. June 1, 2016; Acts 2018, c. 318, § 1, eff. June 1, 2018; Acts 2018, c. 319, § 1, eff. June 1, 2018; Acts 2020, c. 628, § 1, eff. May 8, 2020.
Formerly Art. 81, § 9C.
MD Code, Tax - Property, § 9-323, MD TAX PROPERTY § 9-323
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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