Title 9. Property Tax Credits and Property Tax Relief — Subtitle 2. Statewide Optional

the total value of all property tax credits granted;

an itemized list of all of the property tax credits granted for real property; and

an itemized list of the property tax credits granted for personal property.

in the same manner as the assessment roll, make available for public inspection bound copies of the form required by subsection (b) of this section; and

identify clearly on the tax roll the properties that are granted a property tax credit under this section.

a solar energy device;

a geothermal energy device; or

a qualifying energy conservation device.

the amount of a property tax credit under this section;

the duration of a property tax credit under this section not exceeding 3 years;

the definition of:

any other provision necessary to carry out this section.

have historic value;

have architectural value; or

be designated under Title 8, § 10–204, or § 22–108 of the Land Use Article, § 10–324 or § 10–325 of the Local Government Article, or the charter powers of Baltimore City, as:

preserve and protect the heritage of the State as represented by its remaining historic buildings and structures;

stimulate the positive aspects of historic or heritage preservation, such as economic development and employment opportunities; and

implement and effect local government planning activities aimed at preserving historic structures, sites, districts, and heritage areas.

the taxation of significant improvements to, and restoration or rehabilitation of, historic or heritage properties be maintained, for a period of up to 10 years, at taxation levels not greater than those in place before the eligible improvements if approved as part of a local government plan for historic or heritage preservation;

the methods and procedures to implement a program for the purposes of this section be determined by the applicable local government; and

State financial assistance to a local government not be conditioned upon the local government implementing a program under this section.

implement, by law, a program that provides for a property tax credit not to exceed the difference between:

adopt any requirements and procedures that are necessary or appropriate to carry out the purposes of this section.

The Mayor and City Council of Baltimore City may:

For purposes of the calculation under paragraph (1)(i)1 of this subsection, the full cash value of the property shall be the full cash value prior to phase in as determined by the Department through the assessment procedures established under Title 8 of this article.

For purposes of the calculation under paragraph (1)(i)2 of this subsection, the full cash value of the property shall be determined by an appraisal of the property before commencement and after completion of eligible improvements by a professional appraiser selected by the Mayor and City Council of Baltimore City and licensed under Title 16, Subtitle 3 of the Business Occupations and Professions Article.

be subject to eligibility requirements no less stringent than those applicable to credits authorized under § 9–204 of this subtitle;

be for a period that does not exceed 10 years for each property;

apply to eligible improvements which are:

locates in the county or municipal corporation;

expands in the county or municipal corporation; or

develops a new product or industrial process.

adopt regulations necessary to carry out this section; and

provide any other restriction or condition considered desirable.

A taxpayer must apply to receive a tax credit under this section.

Except in Frederick County, if a taxpayer fails to apply for a property tax credit under this section on or before October 1 of each taxable year, the property tax credit may not be granted.

In Frederick County, a taxpayer may apply for a property tax credit under this section on or before October 1 of the taxable year, and the property tax credit received shall continue from year to year until the property is conveyed.

A taxpayer shall state under oath that the facts in the application are true.

Except as provided in paragraph (2) of this subsection, to the extent that a county grants a tax credit under this section for manufacturing personal property described in § 7-225 of this article, the personal property may not be treated as taxable personal property for the purpose of computing any payments of State aid to education under § 5-202 of the Education Article or other payments of State aid to counties or municipal corporations that by law are based on the assessment of property.

Paragraph (1) of this subsection does not apply to any manufacturing personal property unless the county that grants a tax credit under this section for the property submits to the Department, on or before October 31 of the taxable year for which the credit is granted:

In this section, “dwelling” means:

“Dwelling” does not include land.

A property tax credit granted under this section applies only to county or municipal corporation property tax.

This section does not apply to Baltimore City.

determine the amount of the eligibility requirements for this credit; and

provide for procedures necessary to apply for a property tax credit under this section.

as long as the dwelling remains unsold or unrented; and

over a continuous period of time not exceeding 1 year.

real property, exclusive of any improvement, determined to be an “open space” or “open area” as defined in § 5-1201 of the Natural Resources Article;

real property that is determined by law of the Mayor and City Council of Baltimore City or the governing body of the county where the real property is located to be an “open space” or an “open area” on the recommendation of:

real property subject to an easement of interest in the property that:

Anne Arundel County.

Calvert County.

Charles County.

Frederick County.

Harford County.

Howard County.

Montgomery County.

Prince George’s County.

St. Mary’s County.

the owner of the “open space” or “open area” agrees to sell or convey the “open space” or “open area” in an option agreement to:

the option agreement:

any procedural or enforcement provision necessary to carry out this section; and

any condition that is uniformly applied in the granting of a property tax credit under this section.

The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may designate a functional or geographical category of “open space” or “open area” on which a property tax credit under this section may be granted.

A functional category may include:

A geographical category may include:

Any property tax credit granted and any standard used in granting a property tax credit shall be applied uniformly to all real property in each category.

In Montgomery County and Prince George’s County, an easement or interest conveyed under this section may be in perpetuity or for a period of not less than 5 years.

An easement or interest previously conveyed may be extended for any period of time.

A property tax credit may be granted for any fiscal year that the railroad company provides freight service in the county or municipal corporation under a contract between the railroad company or its trustees and:

Under a formula that reduces the obligation because of the property tax credit provided under this section, a contract under paragraph (1) of this subsection shall include a provision that obligates the county or municipal corporation, the industrial development corporation, or the private shippers’ association:

A property tax credit granted under this section may be effective for the 3 fiscal years immediately before the fiscal year for which the tax credit is sought.

In Frederick County a property tax credit granted under this section shall continue from year to year until the property is conveyed.

Except in Frederick County, if a taxpayer fails to apply for a property tax credit under this section on or before October 1 of each taxable year, the property tax credit may not be granted.

In Frederick County, a taxpayer may apply for a property tax credit under this section on or before October 1 of the taxable year.

A taxpayer shall state under oath that the facts in the application are true.

In this section the following words have the meanings indicated.

“Cohabitant” means an individual who for a period of at least 180 days in the year before the death of a fallen public safety officer or judicial officer:

“Disabled public safety officer or judicial officer” means an individual who:

“Fallen public safety officer or judicial officer” means an individual who dies:

“Public safety officer” means a correctional officer, a law enforcement officer, or a member of a fire, rescue, or emergency medical service, as those terms are defined, by law, by the county or municipal corporation as required under subsection (c) of this section.

“Surviving spouse” means a surviving spouse, who has not remarried, of a fallen public safety officer or judicial officer.

if the dwelling was owned by the disabled public safety officer or judicial officer at the time the public safety officer or judicial officer was adjudged to be permanently and totally disabled or by the fallen public safety officer or judicial officer at the time of the fallen public safety officer’s or judicial officer’s death;

if the disabled public safety officer or judicial officer was domiciled in the State as of, or any time within the 5 years before, the date the disabled public safety officer or judicial officer was adjudged to be permanently and totally disabled or the fallen public safety officer or judicial officer, the surviving spouse, or the cohabitant was domiciled in the State as of, or any time within the 5 years before, the date of the fallen public safety officer’s or judicial officer’s death and the dwelling was acquired by the disabled public safety officer or judicial officer within 10 years of the date the disabled public safety officer or judicial officer was adjudged to be permanently and totally disabled or by the surviving spouse or cohabitant within 10 years of the fallen public safety officer’s or judicial officer’s death;

if the dwelling was owned by the surviving spouse or cohabitant at the time of the fallen public safety officer’s or judicial officer’s death; or

if the dwelling was acquired after the disabled public safety officer or judicial officer, the surviving spouse, or the cohabitant qualified for a credit for a former dwelling under item (1), (2), or (3) of this subsection, to the extent of the previous credit.

shall define, by law, who is a:

may provide, by law, for:

registered as a family child care home or large family child care home under Title 9.5, Subtitle 3 of the Education Article;

licensed as a child care center under Title 9.5, Subtitle 4 of the Education Article;

licensed as a day care center for the elderly under Title 14, Subtitle 2 of the Health – General Article; or

licensed as a day care center for adults under Title 14, Subtitle 3 of the Health – General Article.

the amount of the property tax credit under this section;

the duration of a property tax credit under this section; and

any other provision necessary to carry out this section.

the property is owned by a business having at least 25 employees; and

the improvement contains an area set aside and dedicated exclusively for a child care center that is:

the amount and duration of the property tax credit under this section; and

any other provision necessary to carry out the property tax credit under this section.

The Department is responsible for the administrative duties that relate to the application and determination of eligibility for a property tax credit under this section.

The county shall reimburse the Department for the reasonable cost of administering the Tax Credit Program under this section.

Except as provided in paragraph (2) of this subsection, the local supplement authorized in accordance with subsection (a) of this section shall be subject to the provisions of the State Homeowners Property Tax Credit Program provided under § 9–104 of this title.

The Mayor and City Council of Baltimore City or the governing body of a county:

The additional eligibility criteria provided under paragraph (2)(ii) of this subsection may include:

Except as provided in paragraph (2) of this subsection, the local supplement authorized in accordance with subsection (a) of this section shall be subject to the provisions of the State Homeowners Property Tax Credit Program provided under § 9–104 of this title.

The governing body of a municipal corporation:

The additional eligibility criteria provided under paragraph (2)(ii) of this subsection may include:

subject to subsection (d) of this section, the amount and duration of the property tax credit under subsection (a) of this section; and

any other provision necessary to carry out the property tax credit under subsection (a) of this section.

“nonstructural shoreline stabilization measure” means an erosion control measure that:

“nonstructural shoreline stabilization measure” includes marsh or other tidal wetland creation or a living shoreline.

Subject to paragraph (2) of this subsection, the Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may grant, by law, a tax credit against the county or municipal corporation property tax imposed on real property on which erosion control structures or devices have been installed or for which erosion control procedures have been implemented that halt or retard erosion of shorelines and deposit of eroded sediments in the waters of the State, including:

Except as provided in paragraph (3) of this subsection, to qualify for the tax credit under this section, the erosion control structures, devices, and procedures specified under paragraph (1) of this subsection shall, with respect to erosion control structures, devices, and procedures implemented after June 30, 2017:

The standards specified in paragraph (2) of this subsection do not apply to the implementation of a measure required to change drainage patterns.

the amount of a property tax credit under this section;

the duration of a property tax credit under this section;

subject to subsection (a) of this section, the definition of erosion control structures, devices, and procedures qualifying for the credit; and

any other provision necessary to carry out this section.

is at least 65 years old;

has been found permanently and totally disabled and has qualified for benefits under:

has been found permanently and totally disabled by a county health officer or the Baltimore City Commissioner of Health.

the specific requirements for eligibility for a tax credit authorized under this section;

additional limitations on eligibility for the credit;

the amount and duration of the credit; and

any other provision appropriate to implement the credit.

In this section the following words have the meanings indicated.

“Conservation land” means real property that is:

“Land trust” means a qualified conservation organization as defined in § 3-2A-01 of the Natural Resources Article.

to assist in the preservation of a natural area;

for the environmental education of the public;

generally to promote conservation;

for the maintenance of:

to conserve agricultural land and to promote continued agricultural use of the land.

the amount and duration of the property tax credit under this section; and

any other provision necessary to carry out the property tax credit under this section.

be certified by the Maryland Environmental Trust to be a land trust in good standing and to have a cooperative agreement in effect; and

obtain a written certification every 5 years beginning July 1, 1998, or as scheduled by the Maryland Environmental Trust.

the amount of a property tax credit under this section; and

any other provisions necessary to carry out this section.

for that portion of the property that is leased, occupied, and used by a religious group or organization exclusively for:

for which the religious group or organization is contractually liable.

to property that is leased, occupied, or used for the purpose of making a profit; or

when the religious group or organization no longer occupies the property.

required by law to be built and maintained on the property; and

built and maintained in compliance with the applicable law.

the amount of a property tax credit under this section;

the duration of a property tax credit under this section;

subject to subsection (a) of this section, the definition of a sediment control pond or stormwater management structure qualifying for the credit; and

any other provision necessary to carry out this section.

for that portion of the property that is leased, occupied, and used by a municipal corporation; and

for which the municipal corporation is contractually liable under the lease.

This subsection governs the implementation of the property tax credit granted under subsection (a) of this section.

The soil conservation and water quality plan shall set forth the practices to eliminate or reduce nonpoint source pollution from agricultural runoff on the property.

Except as provided in paragraph (2) of this subsection, the governing body of a county or municipal corporation may grant, by law, a property tax credit for up to 100% of the county or municipal property tax imposed on business personal property that is computer software.

A credit against the county or municipal property tax may not be granted for personal property already exempt from taxation under § 7-238(b) of this article.

10% of the cost of renovations to a commercial or residential building to meet state-of-the-art communication and utility standards for accommodating advanced computer and telecommunications equipment, including fiber-optic cable, emergency electrical capacity, and emergency backup power; or

the county or municipal corporation property tax otherwise due for that taxable year.

before construction commences, reviews and approves the plans for the renovations as meeting industry standards published by the Electrical Industry Association and Telecommunications Industry Association (EIA/TIA Building Standard 568); and

during construction and on completion of construction, reviews and approves the implementation of the renovations as conforming with the approved plans.

additional limitations on the amount or duration of credits under this section;

additional standards for eligibility for the credit; or

procedures or requirements for the review and approval of credits.

In this section the following words have the meanings indicated.

“Opportunity zone” means an area that has been designated as a qualified opportunity zone in the State under § 1400Z–1 of the Internal Revenue Code.

“Property tax attributable to an increase in an assessment” means the additional property tax required to be paid as a result of the increase in the assessment, calculated before the application of the credit under this section but after the application of any other credit allowed under this title.

“Qualified brownfields site” has the meaning stated in § 5–301 of the Economic Development Article.

“Taxing jurisdiction” means:

If a taxing jurisdiction elects to participate in the Brownfields Revitalization Incentive Program in accordance with this section, the property tax credits under this section shall also apply to the State property tax in that jurisdiction in the same percentage and for the same duration as provided for the property tax of the taxing jurisdiction.

grant a property tax credit against the property tax imposed on the qualified brownfields site in an amount equal to 50% of the property tax attributable to the increase in the assessment of the qualified brownfields site, including improvements added to the site within the 5–year period as provided under this subsection, over the assessment of the qualified brownfields site before the voluntary cleanup; and

contribute to the Maryland Economic Development Assistance Fund under § 5–313(8) of the Economic Development Article, 30% of the property tax attributable to the increase in the assessment of the brownfields site, including improvements added to the site within the 5–year period as provided under this subsection, over the assessment of the qualified brownfields site before the voluntary cleanup.

A taxing jurisdiction may grant a property tax credit against the property tax imposed on a qualified brownfields site in addition to the credit granted under subsection (c) of this section.

Subject to the limitation in paragraph (3) of this subsection, a taxing jurisdiction may:

The total additional property tax credit granted under this subsection may not exceed an additional 20% of the remaining property tax attributable to the increase in the assessment of the qualified brownfields site including improvements added to the site over the assessment of the qualified brownfields site before the voluntary cleanup.

A credit under this section may not be calculated on an increase in assessment due to the termination of a use value under §§ 8–209 through 8–217 or §§ 8–220 through 8–225 of this article.

If the qualified brownfields site on which the voluntary cleanup is completed had a use value immediately before the cleanup, the credit shall be calculated on an assessment as if the parcel had been valued at market value.

a person receiving a credit under this section withdraws from the Voluntary Cleanup Program under § 7–512(a) or (b) of the Environment Article; or

the Department of the Environment withdraws approval of a response action plan, or a certificate of completion under § 7–512(e) and (f) of the Environment Article.

In this section the following words have the meanings indicated.

“Affiliate” means a person:

“Business entity” means a person conducting a trade or business in the State, that is subject to the State individual or corporate income tax, insurance premiums tax, financial institution franchise tax, or public service company franchise tax.

“Full–time position” means a position requiring at least 840 hours of an individual’s time during at least 24 weeks in a 6–month period.

“New or expanded premises” means real property, including a building or part of a building that has not been previously occupied, where a business entity or its affiliates locate to conduct business.

“Notification date” means the date on which the business entity provides written notice to the county or municipal corporation as required under subsection (b)(6) of this section.

The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may enact legislation necessary to grant either property tax credits, enhanced property tax credits, or both types of property tax credits against the county or municipal corporation property tax imposed on real property owned or leased by business entities that meet the requirements specified for the applicable tax credit under this section and on personal property owned by business entities that meet the requirements specified under this section.

A tax credit may not be granted under this section if:

To qualify for a tax credit under this section, the new or expanded premises must be located in:

To qualify for a property tax credit under this section against property tax imposed on personal property a business entity shall certify that the personal property is located on the premises that qualify for a property tax credit or enhanced property tax credit under this section.

To qualify for a tax credit under this section, before it obtains the new or expanded premises or hires employees to fill the new permanent full–time positions at the new or expanded premises, a business entity shall provide written notification to the county or municipal corporation in which the new or expanded premises are located:

If a business entity meets the requirements for a tax credit under this section, the county or municipal corporation shall certify to the Department and the Department of Commerce that the business entity has met the requirements for the tax credit for the taxable year that follows the date on which it met the requirements.

To qualify for a property tax credit under this subsection, a business entity shall:

If a business entity meets the requirements of paragraph (1) of this subsection and subsection (b) of this section and of applicable local law adopted under subsection (b)(1) of this section, the county or municipal corporation shall compute the amount of the property tax credit granted under this subsection for new or expanded premises and the personal property located on those premises that may be claimed against the county or municipal corporation property taxes that would otherwise be due to equal a percentage of the amount of property tax imposed on the assessment of the new or expanded premises, as follows:

On receipt of notification under subsection (b)(7) of this section that a business entity has been certified for a property tax credit under this subsection, the Department shall compute and certify to the Comptroller or, in the case of the insurance premiums tax, the Maryland Insurance Commissioner the amount of the State tax credit authorized under this subsection that may be claimed against the individual or corporate income tax, insurance premiums tax, or financial institution franchise tax that would otherwise be due to equal a percentage of the amount of property tax imposed on the assessment of the new or expanded premises, as follows:

For a business entity to qualify for an enhanced property tax credit under this subsection, the business entity, along with its affiliates, shall:

For a business entity to qualify for an enhanced property tax credit under this subsection, the business entity, along with its affiliates, shall be primarily engaged in one or more of the following at the qualifying premises:

To qualify for the enhanced property tax credit under this subsection, a business entity shall:

On receipt of notification under subsection (b)(7) of this section that a business entity has been certified for an enhanced property tax credit under this subsection, the Department shall compute and certify to the Comptroller or, in the case of the insurance premiums tax, the Maryland Insurance Commissioner the amount of the State tax credit authorized under this subsection that may be claimed by the business entity or any of its affiliates against the individual or corporate income tax, insurance premiums tax, or financial institution franchise tax that would otherwise be due to equal 31.5% of the amount of property tax imposed on the increase in assessment of the real and personal property described in paragraph (4)(ii) of this subsection for each of the first 24 taxable years for which the credit is allowed.

If a business entity or any of its affiliates claim the enhanced tax credits under this subsection for a certain premises, they may not claim the tax credits under subsection (c) of this section.

the full amount of the excess is used; or

the expiration of the 5th taxable year after the taxable year in which the State tax credit is claimed.

the specific requirements for eligibility for a tax credit authorized under this section;

any additional limitations on eligibility for the credit;

the information to be supplied by the business entity to a county or municipal corporation and the Comptroller to verify that the business entity is not subject to subsection (l) of this section; and

any other provision appropriate to implement the credit.

the employment level or square footage of a business entity at the premises falls below the applicable thresholds required to qualify for the property tax credit under subsection (c) of this section; or

for the enhanced property tax credit, the employment level or square footage of a business entity, together with its affiliates, at the premises falls below the applicable thresholds required to qualify for the enhanced property tax credit under subsection (d) of this section.

On October 1, 2026, and each October 1 thereafter, each county and municipal corporation that has granted tax credits under this section shall report to the Department:

On or before December 31, 2026, and each December 31 thereafter, the Department shall aggregate the reports received under paragraph (1) of this subsection and submit a combined report to the General Assembly, in accordance with § 2–1257 of the State Government Article, including any findings or recommendations.

After a business entity has complied with all the requirements provided in this section and in any applicable local law for a particular tax credit, the business entity shall be entitled to claim the credits for the term provided in this section.

No abrogation of this law or law hereinafter enacted that eliminates or reduces the tax credits available under this section shall apply to any business entity or affiliate of a business entity that qualified for the tax credits before the effective date of such law or abrogation.

the amount of a property tax credit under this section;

the duration of a property tax credit under this section;

the criteria and qualifications necessary to receive the credit;

the application of a property tax credit under this section to existing automatic fire protection sprinkler systems; and

any other provision necessary to carry out this section.

the environmental education of the public; or

the maintenance of:

was built primarily for office, industrial, or other commercial purposes;

was last used for office, industrial, or other commercial purposes; and

is renovated for use primarily as housing.

eligibility criteria;

application procedures; and

provisions for a payment in lieu of taxes to the county or municipal corporation by the recipient of the tax credit.

the amount and duration of the tax credit under this section; and

any other provision necessary to carry out the credit under this section.

A property tax credit granted under this section may not extend beyond the first 10 years after the rehabilitation is completed.

The amount of a tax credit granted under this section may not exceed the property tax increase attributable to the increase in the assessment of the real property over the assessment before the real property is rehabilitated.

subject to the limitations under subsection (b) of this section, provide for the amount and duration of a property tax credit granted under this section;

limit eligibility for the credit to real property used for specified purposes or to real property located in designated revitalization areas; or

otherwise provide additional requirements for eligibility or additional limitations for a tax credit granted under this section.

a neighborhood organization that:

an umbrella organization that:

the community association was in existence as of the first day of the taxable year for which the credit under this section is to be allowed;

the community association is in good standing, if it is organized as a Maryland corporation; and

the personal property is valued at $8,000 or less.

In this section the following words have the meanings indicated.

“Existing electricity generation facility” means an electricity generation facility that:

“Machinery and equipment of a new electricity generation facility” means machinery and equipment used in the generation of electricity at a new electricity generation facility.

“Machinery and equipment of an existing electricity generation facility” means machinery and equipment used in the generation of electricity and added as part of an expansion of an existing electricity generation facility for the purpose of increasing electricity production at the existing electricity generation facility.

“New electricity generation facility” means an electricity generation facility that:

is located in an arts and entertainment district; and

is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise.

the amount of a property tax credit under this section;

the duration of a property tax credit under this section;

the criteria and qualifications necessary to receive the credit; and

any other provision necessary to carry out this section.

Subject to paragraph (2) of this subsection, in this section, “high performance building” means a building that:

For purposes of paragraph (1) of this subsection, under LEED Credit MR7 or a similar criterion in a comparable rating system, credit may be awarded for the use of wood–based materials derived from all credible sources, including the Sustainable Forestry Initiative Program, the Canadian Standards Association, the American Tree Farm System, and other credible certified sources programs.

the amount of a property tax credit under this section;

the duration of a property tax credit under this section;

the criteria and qualifications necessary to receive the credit; and

any other provision necessary to carry out this section.

the homeowner is otherwise eligible for the credit allowed under § 9-105 of this title;

the homeowner claiming the credit had a legal interest in the dwelling at the time the dwelling was damaged or destroyed as described under item (2) of this subsection.

establish procedures or requirements for the application, review, and approval of tax credits under this section;

establish additional eligibility criteria such as age, income level, or assessment value; and

notify the Department of any credits that have been granted under this section.

the amount and duration of the tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the administration of requests for the tax credit under this section; and

any other provision necessary to carry out the tax credit under this section.

the amount and duration of the property tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out this section.

In this section the following words have the meanings indicated.

“Acquired dwelling” means a dwelling:

“Acquisition year” means the taxable year in which an acquired dwelling was acquired for public use by the State or a political subdivision or instrumentality of the State.

“Dwelling” has the meaning stated in § 9–105 of this title.

“Qualified displaced homeowner” means a property owner who:

“Replacement dwelling” means a dwelling that is purchased by a qualified displaced homeowner by the end of the taxable year following the acquisition year.

“Taxable assessment” has the meaning stated in § 9–105 of this title.

The property tax credit under this section may not exceed 100% of the county or municipal corporation property tax attributable to the eligible homestead assessment of the acquired dwelling, as determined under paragraphs (2) and (3) of this subsection.

The county or municipal corporation property tax attributable to the eligible homestead assessment of the acquired dwelling is the product of multiplying the applicable county or municipal corporation tax rate for the current year times the eligible homestead assessment of the acquired dwelling, as determined under paragraph (3) of this subsection.

For purposes of paragraph (2) of this subsection, and subject to paragraph (4) of this subsection, the eligible homestead assessment of the acquired dwelling is the amount by which the acquisition year assessment of the acquired dwelling exceeds the product of multiplying the prior year’s taxable assessment of the acquired dwelling times:

The eligible homestead assessment determined under paragraph (3) of this subsection shall be reduced, but not below zero, by the amount, if any, by which the acquisition year assessment of the acquired dwelling exceeds the assessment of the replacement dwelling for the first taxable year for which the credit under this section is allowed.

the amount and duration of the property tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out this section.

owns, controls, or leases the space that is used as a business incubator;

provides at least 50% of the total funding received by the business incubator from all sources, not including rents received from incubator tenant firms; or

is represented on the governance board that authorizes the annual budget of the business incubator.

the amount and duration of the property tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out this section.

is not a vacation home;

is not the residence of the homeowner but treated as used by the homeowner for personal purposes within the meaning of § 280A(d) of the Internal Revenue Code; and

is the only residence of an individual who:

the amount and duration of the tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the credit under this section.

In this section the following words have the meanings indicated.

“Commercial fishing vessel” means a vessel that is:

“Commercial marina” means a marina that leases at least 20% of its slips to commercial fishing vessels.

“Commercial marine repair facility” means a marine repair facility that derives at least 20% of its gross receipts from charges for the repair and maintenance of commercial fishing vessels.

the amount and duration of the tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the credit under this section.

a no–step entrance allowing access into a residence;

interior passage doors providing at least a 32–inch–wide clear opening;

grab bars around a toilet, tub, or shower installed to support at least 250 pounds;

light switches, outlets, and thermostats placed in wheelchair–accessible locations;

lever handles on doors; and

universal design features or any accessibility enhancing design feature prescribed by the Department of Housing and Community Development under § 12–202 of the Public Safety Article.

the amount and duration of the tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the credit under this section.

“marine trade waterfront property” means real property that:

“marine trade waterfront property” includes:

the amount and duration of the tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the credit under this section.

owned by Habitat for Humanity with the intention of relinquishing ownership in the near future;

used for the purposes of development, rehabilitation, and transfer to a private owner; and

not occupied by administrative or warehouse buildings owned by Habitat for Humanity.

all of Habitat for Humanity’s real property holdings in the jurisdiction granting the tax credit; and

all transactions involving Habitat for Humanity’s real property holdings in the jurisdiction granting the tax credit.

set the amount, terms, scope, and duration of a credit granted under subsection (a) of this section; and

adopt any other provision necessary to administer a credit granted under subsection (a) of this section.

In this section the following words have the meanings indicated.

“Urban agricultural property” means real property that is:

“Urban agricultural purposes” means:

Except as provided in paragraph (2) of this subsection, a tax credit under this section shall be granted for 5 years.

the amount of the tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the credit under this section.

In this section the following words have the meanings indicated.

“Grocery store” means an entity:

“Low–income area” means an area designated, by law, by the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation as a low–income area for purposes of a tax credit under this section.

the amount and duration of the tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the credit under this section.

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 under this section against the county or municipal corporation property tax imposed on owner–occupied, residential real property that is purchased from July 1, 2012, through June 30, 2018, and is located in a neighborhood conservation area established or renewed by application to the Department of Housing and Community Development based on the criteria specified in paragraph (2) of this subsection.

The Department of Housing and Community Development shall adopt regulations that establish application procedures for the designation of a neighborhood conservation area based on:

for the 12–month period immediately prior to purchasing the property, the individual’s principal residence may not have been located in a neighborhood conservation area designated under this section unless the individual was not an owner of the property that was the individual’s principal residence; and

the residential real property must have been purchased in conformance with the eligibility requirements for the credit under this section as established by the Mayor and City Council of Baltimore City or the governing body of the county or municipal corporation.

the amount of the property tax credit authorized under this section for each taxable year after the purchase of the residential real property;

the designation of certain geographic areas as neighborhood conservation areas for purposes of the tax credit authorized under this section;

any additional limitations on eligibility for the credit under this section; and

any other provision necessary to implement the credit under this section.

The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation shall provide, on an annual basis to those individuals qualifying for the property tax credit under this section, a statement certifying qualification for the tax credit and the amount of the tax credit being granted.

The statement may be provided on or with the annual property tax bill or in another manner as chosen by the local government.

the tax credit program;

the designated neighborhood conservation areas;

the number of residential properties within neighborhood conservation areas that qualify for the tax credit under this section; and

the economic impact of the tax credits granted under this section on the neighborhood conservation areas.

In this section, “qualifying investment” means the cost of installation or rehabilitation of building features for the purpose of bringing an existing commercial structure into compliance with current building codes relating to safety or accessibility.

“Qualifying investment” includes costs incurred for:

not exceed 50% of the amount of qualifying investment in a structure; and

be granted for up to a 10–year period in an equal amount each year.

the maximum amount of the tax credit that may be provided to a single recipient or all recipients in a taxable year;

additional eligibility criteria for the tax credit;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the tax credit.

not operating property of a railroad or public utility; and

owned or leased by a business entity that:

the amount and duration of the tax credit under this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the tax credit under this section.

In this section the following words have the meanings indicated.

“Dwelling” has the meaning stated in § 9–105 of this title.

“Eligible individual” means:

the amount and duration of the property tax credit under this section;

the maximum assessed value of a dwelling that is eligible for the tax credit under this section;

the minimum number of years, not to exceed 40 years, that an eligible individual not described under subsection (a)(3)(ii), (iii), or (iv) of this section must have resided in the same dwelling;

criteria that define a service–connected disability of an eligible individual described under subsection (a)(3)(iv) of this section;

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the tax credit under this section.

In this section the following words have the meanings indicated.

“Dwelling” has the meaning stated in § 9–105 of this title.

“Homeowner” has the meaning stated in § 9–105 of this title.

located in a revitalization district;

owned by a homeowner who, on or after June 1, 2017, made substantial improvements to the dwelling in compliance with the code and laws applied to dwellings; and

reassessed at a higher value.

100% for the first taxable year following the first reassessment after the improvements are made;

80% for the second taxable year following the first reassessment after the improvements are made;

60% for the third taxable year following the first reassessment after the improvements are made;

40% for the fourth taxable year following the first reassessment after the improvements are made;

20% for the fifth taxable year following the first reassessment after the improvements are made; and

0% for each taxable year thereafter.

additional eligibility criteria for the tax credit under this section;

regulations and procedures for the application and uniform processing of requests for the tax credit; and

any other provision necessary to carry out the tax credit.

shall define, by law, “public safety officer” for purposes of eligibility for the credit under this section; and

may establish, by law: