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Code · Maryland · Tax - Property

§ 9-322

707 words·~3 min read·/md/tax-property/9-322

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§9–322.
(a)The governing body of Talbot County and the governing body of a municipal corporation in Talbot County shall grant a property tax credit under this section against the county and municipal corporation property tax imposed on:
(1)property that:
(i)is owned by the Academy of the Arts, Easton, Maryland, Incorporated;
(ii)is used primarily for the purpose of the organization; and
(iii)is not used primarily for revenue or income–producing purposes;
(2)property that is:
(i)owned by the Bailey’s Neck Park Association; and
(ii)used for charitable purposes;
(3)property that is owned by the Maryland Ornithological Society, Incorporated, or any of its chapters; and
(4)property that is owned by the Tuckahoe Steam and Gas Association, Incorporated.
(b)The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on:
(1)property that is owned by the Chesapeake Audubon Society, Inc. and is used solely for:
(i)the environmental education of the public; and
(ii)the maintenance of:
1. a natural area for public use; or
2. a sanctuary for wildlife; and
(2)personal property that is:
(i)owned by Chesapeake Wildlife Heritage, Incorporated;
(ii)used primarily for the purpose of the organization; and
(iii)not used primarily for revenue or income–producing purposes.
(1)The governing body of Talbot County may grant, by law, a property tax credit under this section against the county property tax imposed on real property that is:
(i)owned or occupied by a commercial or industrial business that is currently or will be doing business in Talbot County; and
(ii)new construction or a substantial improvement to the real property.
(2)The governing body of Talbot County may:
(i)set, by law, the amount, terms, scope, and duration of a credit granted under paragraph
(1)of this subsection;
(ii)adopt any provision necessary to administer a credit granted under paragraph
(1)of this subsection; and
(iii)provide for any other restriction or condition considered desirable on the granting of a credit under paragraph
(1)of this subsection.
(1)The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on personal property.
(2)The governing body of Talbot County or of a municipal corporation in Talbot County may, by law:
(i)set the amount, terms, scope, and duration of a credit granted under paragraph
(1)of this subsection;
(ii)designate subclasses of personal property under § 8–101(c) of this article to which a credit granted under paragraph
(1)of this subsection applies;
(iii)provide for any restriction or condition considered desirable on the granting of a credit under paragraph
(1)of this subsection; and
(iv)adopt any other provisions necessary to administer a credit granted under paragraph
(1)of this subsection.
(1)The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax that is imposed on real property that is:
(i)owned by Habitat for Humanity of Talbot & Dorchester Counties, Inc. with the intention of relinquishing ownership in the immediate future;
(ii)used exclusively for the purpose of rehabilitation and transfer to a private owner; and
(iii)not occupied by administrative or warehouse buildings owned by Habitat for Humanity.
(2)Habitat for Humanity of Talbot & Dorchester Counties, Inc. shall submit an annual written report to the governing body of Talbot County documenting:
(i)all of Habitat for Humanity of Talbot & Dorchester Counties, Inc.’s real property holdings in Talbot County; and
(ii)all transactions involving Habitat for Humanity of Talbot & Dorchester Counties, Inc.’s real property holdings in Talbot County.
(3)The governing body of Talbot County or of a municipal corporation in Talbot County may, by law:
(i)set the amount, terms, scope, and duration of a credit granted under paragraph
(1)of this subsection; and
(ii)adopt any provision necessary to administer a credit granted under paragraph
(1)of this subsection.
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