Home Table of Contents

§ 9-252. Rehabilitated property

West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2011

West's Annotated Code of Maryland
Tax-Property
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 2. Statewide Optional
Effective: June 1, 2011
MD Code, Tax - Property, § 9-252
§ 9-252. Rehabilitated property
Currentness
In general
(a) 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 that is imposed on real property that is:
(1) owned by Habitat for Humanity with the intention of relinquishing ownership in the near future;
(2) used for the purposes of development, rehabilitation, and transfer to a private owner; and
(3) not occupied by administrative or warehouse buildings owned by Habitat for Humanity.
Report from Habitat for Humanity
(b) If the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation grants a property tax credit under this section, Habitat for Humanity shall submit an annual written report to the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation granting the tax credit documenting:
(1) all of Habitat for Humanity's real property holdings in the jurisdiction granting the tax credit; and
(2) all transactions involving Habitat for Humanity's real property holdings in the jurisdiction granting the tax credit.
Amount, term, scope, and duration of tax credit
(c) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may, by law:
(1) set the amount, terms, scope, and duration of a credit granted under subsection (a) of this section; and
(2) adopt any other provision necessary to administer a credit granted under subsection (a) of this section.

Credits

Added by Acts 2010, c. 328, § 1, eff. June 1, 2010; Acts 2010, c. 329, § 1, eff. June 1, 2010. Amended by Acts 2011, c. 130, § 1, eff. June 1, 2011.
MD Code, Tax - Property, § 9-252, MD TAX PROPERTY § 9-252
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