Regulation .07 Continuing Eligibility.
Current through 2026-01-20. Source: COBRA Register Volume 04, Issue 02. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., COBRA § 05.02.07.07 (2026)
Regulation .07 Continuing Eligibility.LinkCopy Citation
A.
The property owner shall ensure that, during the credit period the property for which the credit was granted meets the following criteria:
(1)
Is in full compliance with the building, fire, and related codes of Baltimore City;
(2)
Maintains its high-performance rating; and
(3)
Is the applicant’s principal residence.
B.
For each taxable year for which the credit is sought, an applicant shall file a state income tax return as a resident of Baltimore City.
C.
If a property no longer meets the continuing eligibility requirements, the credit will be removed from the property’s account and may not be reinstated until the issue has been remedied.
D.
The eligibility term of the credit is 5 consecutive tax years, beginning with the first full tax year in which the property qualifies for the tax credit.
E.
Ineligibility for the credit during one or more of the five years in the eligibility term will not extend the five-year term of the tax credit.