In this section: “marine trade waterfront property” means real property that: is adjacent to the tidal waters of the State; is used primarily for an activity or business that requires direct access to, or location in, marine waters due to the nature of the activity or business; and for the most recent 3–year period, has produced an average annual gross income of at least $1,000; and “marine trade waterfront property” includes: marinas, boat ramps, boat hauling and repair facilities, fishing facilities, and any other boating facilities; and land that is adjacent to or under improvements used primarily for an activity or business that requires access to, or location in, marine waters due to the nature of the activity or business. 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 marine trade waterfront property. The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may provide, by law, for: 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.