<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="Regulation .07 Continuing Eligibility.">
  <section prefix="Regulation" num=".07" heading="Continuing Eligibility.">
    <para num="A.">The property owner shall ensure that, during the credit period the property for which the credit was granted meets the following criteria:<para num="(1)">Is in full compliance with the building, fire, and related codes of Baltimore City;</para>
      <para num="(2)">Maintains its high-performance rating; and</para>
      <para num="(3)">Is the applicant’s principal residence.</para>
    </para>
    <para num="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.</para>
    <para num="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.</para>
    <para num="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.</para>
    <para num="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.</para>
  </section>
</baltimore-city-law>
