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§ 9-324. Wicomico County

West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2021

West's Annotated Code of Maryland
Tax-Property
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 3. Counties to Which General Provisions Are Applicable
Effective: June 1, 2021
MD Code, Tax - Property, § 9-324
§ 9-324. Wicomico County
Currentness
East Side Men’s Club
(a) The governing body of Wicomico County and the governing body of a municipal corporation in Wicomico County may grant a property tax credit under this section against the county and municipal corporation property tax imposed on property that is owned by the East Side Men's Club, Inc.
Agricultural preservation district
(b)(1) The governing body of Wicomico County may grant, by law, a property tax credit against the county property tax imposed on agricultural land and agricultural easements, not including any improvements, that are located in an agricultural preservation district.
(2) In establishing a tax credit under this subsection, the governing body of Wicomico County shall specify:
(i) the amount and duration of the credit;
(ii) the qualification and application procedures for the credit;
(iii) the circumstances under which the credit shall terminate;
(iv) the liability of the property owner in the event of termination of the credit; and
(v) any other requirement or procedure related to the credit and considered necessary.
Salisbury Area Chamber of Commerce
(c)(1) The governing body of Wicomico County or the governing body of a municipal corporation in Wicomico County may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on property that is owned by the Salisbury Area Chamber of Commerce, Inc.
(2) The governing body of Wicomico County or of a municipal corporation in Wicomico County may provide, by law, for:
(i) the amount and duration of a property tax credit under this subsection; and
(ii) any other provision necessary to carry out this subsection.
Hotel or residential development project
(d)(1) The governing body of Wicomico County or the governing body of a municipal corporation in Wicomico County may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on real property that is used for a hotel or residential development project that:
(i) is newly constructed or involves substantial rehabilitation or revitalization of existing structures; and
(ii) substantially increases the assessed value of the property.
(2) The governing body of Wicomico County or of a municipal corporation in Wicomico County may provide, by law, for:
(i) the amount and duration of the tax credit under this subsection;
(ii) eligibility requirements for the tax credit;
(iii) application procedures for the tax credit; and
(iv) any other provision necessary to carry out this subsection.

Credits

Added by Acts 1993, c. 520. Amended by Acts 1999, c. 476, § 1, eff. Oct. 1, 1999; Acts 2000, c. 130, § 1, eff. July 1, 2000; Acts 2021, c. 715, § 1, eff. June 1, 2021; Acts 2021, c. 716, § 1, eff. June 1, 2021.
MD Code, Tax - Property, § 9-324, MD TAX PROPERTY § 9-324
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