§ 9-240
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/md/tax-property/9-240A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–240.
(a)In this section, “arts and entertainment district”, “arts and entertainment enterprise”, and “qualifying residing artist” have the meanings stated in § 4–701 of the Economic Development Article.
(b)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 a manufacturing, commercial, or industrial building that:
(1)is located in an arts and entertainment district; and
(2)is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise.
(c)A tax credit granted under this section may not be granted for more than 10 years.