Maryland Code, TAX – PROPERTY 9-234
Terms Used In Maryland Code, TAX - PROPERTY 9-234
- 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
- including: means includes or including by way of illustration and not by way of limitation. See
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(1) was built primarily for office, industrial, or other commercial purposes;
(2) was last used for office, industrial, or other commercial purposes; and
(3) is renovated for use primarily as housing.
(b) The governing body of a county or municipal corporation may establish conditions for the granting of a property tax credit under paragraph (1) of this subsection, including:
(1) eligibility criteria;
(2) application procedures; and
(3) provisions for a payment in lieu of taxes to the county or municipal corporation by the recipient of the tax credit.