Section 9-108 – Vehicles Valued as Stock in Business
(a) Subject to subsection (b) of this section, the governing body of a county or municipal corporation shall grant a property tax credit under this section against the applicable county or municipal property tax imposed on vehicles valued as stock in business in an amount equal to: (1) for the taxable year beginning July 1, 1990, 25% […]
Section 9-109 – Repaired or Reconstructed Dwelling
(a) The Mayor and the City Council of Baltimore City and the governing body of each county and of each municipal corporation shall grant a property tax credit under this section against the county or municipal corporation property tax imposed on real property if: (1) the homeowner is otherwise eligible for the credit allowed under § 9-105 […]
Section 9-110 – Real Property Owned by Qualified Business Entity Enrolled in More Jobs for Marylanders Program
(a) (1) In this section the following words have the meanings indicated. (2) “Business entity” has the meaning stated in § 6–801 of the Economic Development Article. (3) “Eligible project” has the meaning stated in § 6–801 of the Economic Development Article. (4) “New business entity” has the meaning stated in § 6–801 of the Economic Development Article. (5) “Qualified business […]
Section 9-104 – Homeowners’ Tax Credits; Disabled Veterans
(a) (1) In this section the following words have the meanings indicated. (2) (i) “Assets” include: 1. real property; 2. cash; 3. savings accounts; 4. stocks; 5. bonds; and 6. any other investment. (ii) “Assets” do not include: 1. the dwelling for which a property tax credit is sought under this section; 2. the cash value of the life insurance policies on the life of the homeowner; 3. the […]
Section 9-105 – Homestead Property Tax Credit
(a) (1) In this section the following words have the meanings indicated. (2) “Active member” means: (i) a shareholder in a family corporation; (ii) a partner in a general partnership; or (iii) a member of a limited liability company or partner in a limited liability partnership who has or shares the authority to manage, control, and operate the limited liability company […]
Section 9-106 – Ruritan International
The governing body of a county or of a municipal corporation shall grant a property tax credit under this section against county or municipal corporation property tax imposed on property that is: (1) owned by a local corporation affiliated with Ruritan International; and (2) actually used only for the purposes of the local corporation.
Section 9-107 – Conservation Property
(a) In this section, “conservation property” means land that is: (1) unimproved; (2) not used for commercial purposes; and (3) subject to a perpetual conservation easement that is: (i) donated to the Department of Natural Resources or the Maryland Environmental Trust and identifies the Department of Natural Resources or the Maryland Environmental Trust as a grantee under Title 3, Subtitle […]
Section 9-101 – Elderly or Disabled Homeowners
(a) (1) In this section the following words have the meanings indicated. (2) “Homeowner” means an individual who: (i) received a property tax credit under a repealed law; (ii) continues to have a legal interest in the dwelling for which a property tax credit under a repealed law was granted; and (iii) in any given year would qualify for a property […]
Section 9-102 – Elderly or Disabled Renters
(a) (1) In this section the following words have the meanings indicated. (2) (i) “Assets” include: 1. real property; 2. cash; 3. savings accounts; 4. stocks; 5. bonds; and 6. any other investment. (ii) “Assets” do not include: 1. the cash value of the life insurance policies on the life of the renter; or 2. tangible personal property. (3) “Assumed real property tax” means: (i) 15% of the occupancy rent […]
Section 9-103 – Enterprise Zones
(a) (1) In this section the following words have the meanings indicated. (2) “Base year” means the taxable year immediately before the taxable year in which a property tax credit under this section is to be granted. (3) (i) “Base year value” means the value of the property used to determine the assessment on which the property tax on real […]