§ 9–268
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Prop. § 9-268 (2026)
Title 9. Property Tax Credits and Property Tax Relief
Subtitle 2. Statewide Optional
§ 9–268LinkCopy Citation
(a)
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 against the county or municipal corporation property tax imposed on real property that is used for a hotel or residential development project that is newly constructed or involves substantial rehabilitation or revitalization of existing structures.
(b)
To qualify for the credit under this section, a hotel shall substantially increase the assessed value of the property.
(c)
To qualify for the credit under this section, a residential development project shall:
(1)
include at least 20 residential units; and
(2)
have at least 15% of all residential units within the development that are affordable to households earning less than 80% of the area median income.
(d)
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:
(1)
the amount and duration of the tax credit under this section;
(2)
eligibility requirements for the tax credit;
(3)
application procedures for the tax credit; and
(4)
any other provision necessary to carry out this section.