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§ 9-254. Grocery stores located in low-income areas

West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2010

West's Annotated Code of Maryland
Tax-Property
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 2. Statewide Optional
Effective: June 1, 2010
MD Code, Tax - Property, § 9-254
§ 9-254. Grocery stores located in low-income areas
Currentness
Definitions
(a)(1) In this section the following words have the meanings indicated.
(2) “Grocery store” means an entity:
(i) whose primary business is selling food at retail to the general public for off-premises consumption; and
(ii) at least 20% of the gross receipts of which are derived from the retail sale of fresh produce, meats, and dairy products.
(3) “Low-income area” means an area designated, by law, by the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation as a low-income area for purposes of a tax credit under this section.
In general
(b) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a tax credit against the county or municipal corporation property tax imposed on real property that is used for a grocery store located in a low-income area.
Amount, duration, eligibility, regulations for tax credit
(c) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may provide, by law, for:
(1) the amount and duration of the tax credit under this section;
(2) additional eligibility criteria for the tax credit under this section;
(3) regulations and procedures for the application and uniform processing of requests for the tax credit; and
(4) any other provision necessary to carry out the credit under this section.

Credits

Added by Acts 2010, c. 724, § 1, eff. June 1, 2010.
MD Code, Tax - Property, § 9-254, MD TAX PROPERTY § 9-254
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