Maryland Code, TAX – PROPERTY 9-254
Terms Used In Maryland Code, TAX - PROPERTY 9-254
- 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.
(2) “Grocery store” means an entity:
(i) whose primary business is selling food at retail to the general public for off-premises consumption; and
(ii) at least 20% of the gross receipts of which are derived from the retail sale of fresh produce, meats, and dairy products.
(3) “Low-income area” means an area designated, by law, by the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation as a low-income area for purposes of a tax credit under this section.
(b) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a tax credit against the county or municipal corporation property tax imposed on real property that is used for a grocery store located in a low-income area.
(c) 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 credit under this section.