§ 9-234
130 words·~1 min read·
/md/tax-property/9-234A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–234.
(a)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 real property containing a vacant or underutilized commercial building that:
(1)was built primarily for office, industrial, or other commercial purposes;
(2)was last used for office, industrial, or other commercial purposes; and
(3)is renovated for use primarily as housing.
(b)The governing body of a county or municipal corporation may establish conditions for the granting of a property tax credit under paragraph
(1)of this subsection, including:
(1)eligibility criteria;
(2)application procedures; and
(3)provisions for a payment in lieu of taxes to the county or municipal corporation by the recipient of the tax credit.