Legislation
- Title
- Property Tax Credit – Retail Service Station Conversions
- Sponsored by
- Senator Brooks
- Status
- In the Senate - Hearing 1/18 at 12:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Authorizing the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation to grant, by law, a credit against the county or municipal corporation property tax imposed on real property if use of the real property has been converted from a retail service station to other certain uses; and requiring the State to pay to each county or municipal corporation that grants the property tax credit under the Act an amount equal to a 50% of forgone revenue.
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Last Updated: 4/15/2024 3:09 PM