Sec. 10-235.20. Real and Personal Property Tax Credit for Green Businesses
Codified through Bill No. CB-018-2026, adopted May 12, 2026, effective July 24, 2026. Source: Municode, Supplement 2026 Update 2. Editorial notes and legislative history omitted.
Prince George's County, Md., Code § 10-235.20 (2026)
Sec. 10-235.20. Real and Personal Property Tax Credit for Green BusinessesLinkCopy Citation
(a)
In accordance with the provisions of Section 9-318(f) of the Tax-Property Article of the Annotated Code of Maryland, there is a tax credit against the property tax imposed on real and personal property that is used for a Prince George's based green business that provides green products.
(b)
For the purposes of this section, the following terms have the meanings:
(1)
"Green business" means a business, certified by Prince George's County pursuant to this subdivision, that:
(i)
primarily distributes, manufactures, markets, or sells green products;
(ii)
primarily provides services relating to green products; or
(iii)
primarily provides research and development relating to green products.
(2)
"Green product" means a product that:
(i)
is energy or water efficient;
(ii)
uses healthy, nontoxic materials;
(iii)
is made from recycled or renewable resources; or
(iv)
makes current products more energy efficient.
(3)
"Certified green business" means a business that:
(i)
is certified by the appropriate County agency or official in compliance with Section 9-318(f) of the Tax-Property Article of the Annotated Code of Maryland; or
(ii)
meets a green business guideline or standard adopted pursuant to Green America's Green Business Certification, or other green business certification approved by the Prince George's County Department of Environment, and recognized by Prince George's County.
(c)
The tax credit under this section against the property tax imposed on personal property is only available when it meets each of the following conditions:
(1)
All machinery, equipment, materials, and supplies are subject to a tax credit from property tax if consumed in, or used primarily by a green business for green products;
(2)
The partial exemption shall only apply to property purchased in or transferred into the County after July 1, 2013;
(3)
The amount of the tax exemption granted herein is equal to fifty percent (50%) of the assessment of the property described in subsection (c)(1), above; and
(4)
A property tax credit granted hereunder may not be granted for more than five (5) consecutive years.
(d)
The tax credit under this section against the property tax imposed on real property is only available when it meets each of the following conditions:
(1)
The portion of the property upon which the tax credit is based is leased, occupied and used exclusively by the green business;
(2)
The green business is contractually liable to the owner for property taxes; and
(3)
The owner of the property eligible for a tax credit pursuant to this section is contractually obligated to reduce, by the amount of the tax credit, the amount of taxes for which the green business is otherwise contractually liable.
(e)
For the first tax year in which the green business applies, the real property tax credit shall be in an amount equal to one hundred percent (100%) of the amount of the County property tax imposed on the real property as determined by the Supervisor of Assessment. The tax credit shall be reduced to eighty percent (80%) in the second taxable year, sixty percent (60%) in the third taxable year, forty percent (40%) in the fourth taxable year, twenty percent (20%) in the fifth taxable year and zero percent (0%) each taxable year thereafter. If the subject real property is leased to an eligible green business, the lessor shall reduce by the amount of the tax credit computed under this Section the taxes for which the eligible green business is contractually liable under a lease agreement. A real property tax credit granted hereunder may not be granted for more than five (5) consecutive years.
(f)
A real or personal property tax credit shall not be granted under this Section if the real or personal property have otherwise been granted a tax credit or exemption under the Tax-Property Article, Annotated Code of Maryland or the County Code for the taxable year;
(g)
Application for the tax credit established herein shall be made under oath on an application provided by the Director of Finance. The application shall provide a legal description of the property, proof of a properly issued use and occupancy permit applicable to the eligible property, and such other information or documentation as the Director may require to determine whether the applicant can qualify for the tax credit.
(h)
During the fiscal year, the total of all tax credits granted under this section shall not exceed $1,000,000. Tax credits shall be granted in the order in which the Office of Finance receives the complete application under subsection (g) of the section. If a complete application granted would cause the limit set in this subsection to be exceeded, the tax credit shall be granted in the next fiscal year or years and in the order received.
(i)
The Director of Finance shall determine the eligibility of the taxpayer for the tax credit and notify the State Department of Assessments and Taxation that a taxpayer has been approved for the property tax credit and the assessed value of the premises.
(j)
The Director of Finance shall verify that the taxpayer continues to satisfy the applicable thresholds to qualify for the property tax credit by requiring submission of reports by the taxpayer, as the Director deems necessary.
(k)
The Director of Finance shall provide an annual report to the County Council on the green business real and personal property tax credit on or before December 31st of each year for the previous fiscal year, to include:
(1)
the number of applications received;
(2)
the number of applications denied:
(3)
the amount of tax credits approved; and
(4)
the location by Councilmanic district of the number of applications received, denied and the amount of tax credit approved.