Providing that a rehabilitation with at least 30 residential rental units is ineligible for the Maryland Sustainable Communities Tax Credit unless the individual or business entity seeking the certification agrees to set aside at least 10% of the residential rental units as housing for households whose median income does not exceed 60% of the area median income; and applying the Act to initial credit certificates issued on or after July 1, 2016.
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2016
|Date Posted||Document Name|
|12/17/2015||Text - First - Sustainable Communities Tax Credit - Residential Units for Lower-Income Individuals|
( 5A-303 )
Last Updated: 2/3/2020 2:28 PM