Maryland Code, TAX – PROPERTY 9-214
Terms Used In Maryland Code, TAX - PROPERTY 9-214
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(1) the property is owned by a business having at least 25 employees; and
(2) the improvement contains an area set aside and dedicated exclusively for a child care center that is:
(i) registered as a family child care home under Title 9.5, Subtitle 3 of the Education Article; or
(ii) licensed as a child care center under Title 9.5, Subtitle 4 of the Education Article.
(b) The governing body of a county or of a municipal corporation may provide, by law, for:
(1) the amount and duration of the property tax credit under subsection (a) of this section; and
(2) any other provision necessary to carry out the property tax credit under subsection (a) of this section.