(a) The governing body of Talbot County and the governing body of a municipal corporation in Talbot County shall grant a property tax credit under this section against the county and municipal corporation property tax imposed on: (1) property that: (i) is owned by the Academy of the Arts, Easton, Maryland, Incorporated; (ii) is used primarily for the purpose of the organization; and (iii) is not used primarily for revenue or income-producing purposes; (2) property that is: (i) owned by the Bailey's Neck Park Association; and (ii) used for charitable purposes; (3) property that is owned by the Maryland Ornithological Society, Incorporated, or any of its chapters; and (4) property that is owned by the Tuckahoe Steam and Gas Association, Incorporated. (b) The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on: (1) property that is owned by the Chesapeake Audubon Society, Inc. and is used solely for: (i) the environmental education of the public; and (ii) the maintenance of: 1. a natural area for public use; or 2. a sanctuary for wildlife; and (2) personal property that is: (i) owned by Chesapeake Wildlife Heritage, Incorporated; (ii) used primarily for the purpose of the organization; and (iii) not used primarily for revenue or income-producing purposes. (c) (1) The governing body of Talbot County may grant, by law, a property tax credit under this section against the county property tax imposed on real property that is: (i) owned or occupied by a commercial or industrial business that is currently or will be doing business in Talbot County; and (ii) new construction or a substantial improvement to the real property. (2) The governing body of Talbot County may: (i) set, by law, the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection; (ii) adopt any provision necessary to administer a credit granted under paragraph (1) of this subsection; and (iii) provide for any other restriction or condition considered desirable on the granting of a credit under paragraph (1) of this subsection. (d) (1) The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on personal property. (2) The governing body of Talbot County or of a municipal corporation in Talbot County may, by law: (i) set the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection; (ii) designate subclasses of personal property under § 8-101(c) of this article to which a credit granted under paragraph (1) of this subsection applies; (iii) provide for any restriction or condition considered desirable on the granting of a credit under paragraph (1) of this subsection; and (iv) adopt any other provisions necessary to administer a credit granted under paragraph (1) of this subsection. (e) (1) The governing body of Talbot County or of a municipal corporation in Talbot County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax that is imposed on real property that is: (i) owned by Habitat for Humanity of Talbot & Dorchester Counties, Inc. with the intention of relinquishing ownership in the immediate future; (ii) used exclusively for the purpose of rehabilitation and transfer to a private owner; and (iii) not occupied by administrative or warehouse buildings owned by Habitat for Humanity. (2) Habitat for Humanity of Talbot & Dorchester Counties, Inc. shall submit an annual written report to the governing body of Talbot County documenting: (i) all of Habitat for Humanity of Talbot & Dorchester Counties, Inc.'s real property holdings in Talbot County; and (ii) all transactions involving Habitat for Humanity of Talbot & Dorchester Counties, Inc.'s real property holdings in Talbot County. (3) The governing body of Talbot County or of a municipal corporation in Talbot County may, by law: (i) set the amount, terms, scope, and duration of a credit granted under paragraph (1) of this subsection; and (ii) adopt any provision necessary to administer a credit granted under paragraph (1) of this subsection.
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