Home Table of Contents

§ 9-249. Commercial waterfront property

West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2008

West's Annotated Code of Maryland
Tax-Property
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 2. Statewide Optional
Effective: June 1, 2008
MD Code, Tax - Property, § 9-249
§ 9-249. Commercial waterfront property
Currentness
Definitions
(a)(1) In this section the following words have the meanings indicated.
(2)(i) “Commercial fish operation” means any activity for which a person is required to possess a tidal fish license under § 4-701 of the Natural Resources Article.
(ii) “Commercial fish operation” includes any activity for which a person is required to be licensed as a seafood dealer under § 4-701 of the Natural Resources Article.
(3) “Commercial fishing vessel” means a vessel that is:
(i) owned or leased by a person possessing a tidal fish license under § 4-701 of the Natural Resources Article; and
(ii) used in a commercial fish operation.
(4) “Commercial marina” means a marina that leases at least 20% of its slips to commercial fishing vessels.
(5) “Commercial marine repair facility” means a marine repair facility that derives at least 20% of its gross receipts from charges for the repair and maintenance of commercial fishing vessels.
(6)(i) “Commercial waterfront property” means real property that:
1. is adjacent to the tidal waters of the State;
2. is used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility; and
3. for the most recent 3-year period, has produced an average annual gross income of at least $1,000.
(ii) “Commercial waterfront property” includes land that is adjacent to or under improvements used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility.
In general
(b) The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may grant, by law, a tax credit against the county or municipal corporation property tax imposed on commercial waterfront property.
Amount, duration, eligibility, regulations for tax credit
(c) The Mayor and City Council of Baltimore City or the governing body of a county or of a 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 2008, c. 281, § 1, eff. June 1, 2008.
MD Code, Tax - Property, § 9-249, MD TAX PROPERTY § 9-249
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