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§ 9-221. Offsetting income tax rates

West's Annotated Code of MarylandTax-PropertyEffective: June 1, 2022

West's Annotated Code of Maryland
Tax-Property
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 2. Statewide Optional
Effective: June 1, 2022
MD Code, Tax - Property, § 9-221
§ 9-221. Offsetting income tax rates
Currentness
In general
(a) The Mayor and City Council of Baltimore or the governing body of a county or municipal corporation may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on real property in order to offset in whole or in part increases in the county or municipal corporation income tax revenues resulting from a county income tax rate in excess of 2.6%.
Availability of tax credit
(b) The credit granted under this section is available only to the owner-occupied property of a homeowner as defined in § 9-105 of this title if the homeowner has an application for the homestead property tax credit under § 9-105 of this title on file with the Department.
Amount of property tax credit
(c) The Mayor and City Council of Baltimore or the governing body of a county or municipal corporation may provide by law for:
(1) the amount of a property tax credit under this section; and
(2) any other provisions necessary to carry out this section.

Credits

Added by Acts 1992, 1st Sp. Sess., c. 2, § 1; Acts 2001, c. 358, § 1, eff. May 15, 2001. Amended by Acts 2020, c. 445, § 1, eff. June 1, 2022.
MD Code, Tax - Property, § 9-221, MD TAX PROPERTY § 9-221
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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