(a) The governing body of Talbot County and the governing body of a municipal corporation in Talbot County shall grant a property tax credit under this section against the county and municipal corporation property tax imposed on:
(1) property that:
(i) is owned by the Academy of the Arts, Easton, Maryland, Incorporated;
(ii) is used primarily for the purpose of the organization; and
(iii) is not used primarily for revenue or income-producing purposes;
(2) property that is:
(i) owned by the Bailey's Neck Park Association; and
(ii) used for charitable purposes;
(3) property that is owned by the Maryland Ornithological Society, Incorporated, or any of its chapters; and
(4) property that is owned by the Tuckahoe Steam and Gas Association, Incorporated.
(b) The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on:
(1) property that is owned by the Chesapeake Audubon Society, Inc. and is used solely for:
(i) the environmental education of the public; and
(ii) the maintenance of:
1. a natural area for public use; or
2. a sanctuary for wildlife; and
(2) personal property that is:
(i) owned by Chesapeake Wildlife Heritage, Incorporated;
(ii) used primarily for the purpose of the organization; and
(iii) not used primarily for revenue or income-producing purposes.
Commercial or industrial business
(c)(1) The governing body of Talbot County may grant, by law, a property tax credit under this section against the county property tax imposed on real property that is:
(i) owned or occupied by a commercial or industrial business that is currently or will be doing business in Talbot County; and
(ii) new construction or a substantial improvement to the real property.
(2) The governing body of Talbot County may:
(i) set, by law, the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection;
(ii) adopt any provision necessary to administer a credit granted under paragraph (1) of this subsection; and
(iii) provide for any other restriction or condition considered desirable on the granting of a credit under paragraph (1) of this subsection.
Other personal property tax credits
(d)(1) The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on personal property.
(2) The governing body of Talbot County or of a municipal corporation in Talbot County may, by law:
(i) set the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection;
(ii) designate subclasses of personal property under § 8-101(c) of this article to which a credit granted under paragraph (1) of this subsection applies;
(iii) provide for any restriction or condition considered desirable on the granting of a credit under paragraph (1) of this subsection; and
(iv) adopt any other provisions necessary to administer a credit granted under paragraph (1) of this subsection.
Habitat for Humanity of Talbot & Dorchester Counties
(e)(1) The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax that is imposed on real property that is:
(i) owned by Habitat for Humanity of Talbot & Dorchester Counties, Inc. with the intention of relinquishing ownership in the immediate future;
(ii) used exclusively for the purpose of rehabilitation and transfer to a private owner; and
(iii) not occupied by administrative or warehouse buildings owned by Habitat for Humanity.
(2) Habitat for Humanity of Talbot & Dorchester Counties, Inc. shall submit an annual written report to the governing body of Talbot County documenting:
(i) all of Habitat for Humanity of Talbot & Dorchester Counties, Inc.'s real property holdings in Talbot County; and
(ii) all transactions involving Habitat for Humanity of Talbot & Dorchester Counties, Inc.'s real property holdings in Talbot County.
(3) The governing body of Talbot County or of a municipal corporation in Talbot County may, by law:
(i) set the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection; and
(ii) adopt any provision necessary to administer a credit granted under paragraph (1) of this subsection.
Credits
Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1997, c. 87, § 1, eff. Oct. 1, 1997; Acts 1999, c. 278, § 1, eff. Oct. 1, 1999; Acts 1999, c. 489, § 1, eff. July 1, 1999; Acts 2000, c. 360, § 1, eff. July 1, 2000; Acts 2009, c. 241, § 1, eff. June 1, 2009; Acts 2009, c. 242, § 1, eff. June 1, 2009.
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.
