§ 9-255. Neighborhood conservation areas
West's Annotated Code of MarylandTax-PropertyEffective: July 1, 2019
Effective: July 1, 2019
MD Code, Tax - Property, § 9-255
§ 9-255. Neighborhood conservation areas
(a)(1) 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 imposed on owner-occupied, residential real property that is purchased from July 1, 2012, through June 30, 2018, and is located in a neighborhood conservation area established or renewed by application to the Department of Housing and Community Development based on the criteria specified in paragraph (2) of this subsection.
(b) In order to qualify for the credit under this section:
(1) for the 12-month period immediately prior to purchasing the property, the individual's principal residence may not have been located in a neighborhood conservation area designated under this section unless the individual was not an owner of the property that was the individual's principal residence; and
(c) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation shall provide, by law, for:
(d)(1) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation shall provide, on an annual basis to those individuals qualifying for the property tax credit under this section, a statement certifying qualification for the tax credit and the amount of the tax credit being granted.
(e) On or before January 1, of the calendar year following the year in which the neighborhood conservation tax credit is initiated, and each January 1 thereafter, a county or municipal corporation that grants a tax credit under this section shall submit a report, in accordance with § 2-1257 of the State Government Article, to the Senate Budget and Taxation Committee and the House Ways and Means Committee that describes:
Credits
Added by Acts 2012, c. 141, § 1, eff. June 1, 2012. Amended by Acts 2019, c. 8, § 5.
MD Code, Tax - Property, § 9-255, MD TAX PROPERTY § 9-255
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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