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§ 9-320. St. Mary's County

West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2020

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, 2020
MD Code, Tax - Property, § 9-320
§ 9-320. St. Mary's County
Currentness
Community organizations
(a)(1) The governing body of St. Mary's County may grant, by law, a property tax credit under this section against county property tax imposed on:
(i) property that is:
1. owned by the St. George's Island Improvement Association, Incorporated; and
2. used only for community or civic purposes;
(ii) real property that is owned by the Seventh District Optimist Youth Foundation, Inc.;
(iii) real property, including any improvements, that is subject to a State or a county land preservation program; and
(iv) real property that:
1. was formerly used solely as a tobacco barn; and
2. is subject to a tobacco buyout agreement.
(2) In authorizing a credit under paragraph (1)(iv) of this subsection, the governing body of the county may provide, by law, for:
(i) the amount of the credit;
(ii) the duration of the credit; and
(iii) any other provision necessary to administer the credit.
Law requirements
(b)(1) The governing body of St. Mary's County may grant, by law, a property tax credit against the county property tax imposed on personal property.
(2) A law adopted under paragraph (1) of this subsection may provide for:
(i) the amount of a credit;
(ii) the subclasses of personal property under § 8-101(c) of this article to which the credit applies; and
(iii) other provisions necessary to administer the credit.
Property leased to nonprofit school
(c)(1) The governing body of St. Mary's County or of a municipal corporation in St. Mary's County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on real property that is:
(i) leased to a nonprofit school; and
(ii) used exclusively for primary or secondary educational purposes.
(2) A property tax credit granted under this subsection shall continue as long as the property is in compliance with the terms of this subsection.
New or expanding business
(d)(1) To encourage the location and development of business operations and expansion of the employment base in St. Mary's County, the governing body of St. Mary's County or of a municipal corporation in St. Mary's County may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on any property owned or leased by a new or expanding business that creates 10 or more full-time jobs in an industry targeted for expansion by the St. Mary's County Economic Development Commission.
(2) A tax credit granted under this subsection may not be granted for more than 10 years.
Property in eligible areas of the county with improvements
(e)(1) The governing body of St. Mary's County may grant, by law, a property tax credit against the county property tax imposed on commercial real property that:
(i) is located in an eligible area of the county; and
(ii) has had improvements made on the property on or after July 1, 2020.
(2)(i) The amount of the credit authorized under this subsection may not exceed 25% of the county property tax assessed on the property.
(ii) The duration of the credit authorized under this subsection may not exceed 10 years.
(3) If the governing body of St. Mary's County authorizes a credit under this subsection, the governing body of St. Mary's County:
(i) may provide, by law, for:
1. subject to paragraph (2)(i) of this subsection, the amount of the credit;
2. subject to paragraph (2)(ii) of this subsection, the duration of the credit; and
3. any other provision necessary to administer the credit; and
(ii) shall define, by law, the areas in the county and the improvements to the property that are eligible for a credit authorized under this subsection.

Credits

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1987, c. 70; Acts 1989, c. 456; Acts 1997, c. 479, § 1, eff. July 1, 1997; Acts 1997, c. 684, § 1, eff. July 1, 1997; Acts 2001, c. 641, § 1, eff. June 1, 2001; Acts 2005, c. 195, § 1, eff. June 1, 2005; Acts 2006, c. 38, § 1, eff. April 8, 2006; Acts 2006, c. 336, § 1, eff. June 1, 2006; Acts 2008, c. 75, § 1, eff. June 1, 2008; Acts 2010, c. 472, § 1, eff. June 1, 2010; Acts 2016, c. 598, 1, eff. June 1, 2016; Acts 2016, c. 599, eff. June 1, 2016; Acts 2020, c. 199, § 1, eff. June 1, 2020.
Formerly Art. 81, § 9C.
MD Code, Tax - Property, § 9-320, MD TAX PROPERTY § 9-320
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