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§ 9-257. New or small business property.

MD Tax-Prop Code § 9-257 (2019) (N/A)
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(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 for up to 50% of the county or municipal corporation property tax imposed on personal property that is:

(1)    not operating property of a railroad or public utility; and

(2)    owned or leased by a business entity that:

(i)    has been in operation for no more than 2 years; or

(ii)    has no more than 15 employees.

(b)    The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may provide, by law, for:

(1)    the amount and duration of the tax credit under this section;

(2)    additional eligibility criteria for the tax credit under this section;

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

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

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§ 9-256. Rehabilitation of commercial structures.
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