§ 9-257
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/md/tax-property/9-257A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–257.
(a)The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a property tax credit for up to 50% of the county or municipal corporation property tax imposed on personal property that is:
(1)not operating property of a railroad or public utility; and
(2)owned or leased by a business entity that:
(i)has been in operation for no more than 2 years; or
(ii)has no more than 15 employees.
(b)The Mayor and City Council of Baltimore City or the governing body of a county or 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 tax credit under this section.