§7–204.2.    IN EFFECT

    // EFFECTIVE UNTIL DECEMBER 31, 2026 PER CHAPTERS 229 AND 230 OF 2023 //

    (a)    A person who applies for an exemption under § 7–202 or § 7–204 of this subtitle for real property in Baltimore City may request that the exemption be applied retroactively for a period of up to 3 taxable years, ending with the taxable year in which the application is filed.

    (b)    Subject to subsection (c) of this section and notwithstanding any other provision of this article:

        (1)    the Department shall grant an exemption for all eligible taxable years to a person who requests a retroactive exemption under this section; and

        (2)    Baltimore City and the State shall pay a refund to the person for any excess taxes paid due to a retroactive exemption granted under this section.

    (c)    A retroactive exemption granted by the Department under this section:

        (1)    is subject to the review and approval of the Baltimore City Solicitor and Baltimore City Department of Finance; and

        (2)    may be granted only on a showing of good cause as to why the exemption was not applied for in a timely manner.

    (d)    On or before December 1, 2023, and each December 1 through December 1, 2027, the Baltimore City Department of Finance shall submit to the Governor and, in accordance with § 2–1257 of the State Government Article, the General Assembly a report that indicates:

        (1)    the number of requests for a retroactive exemption under this section that the Baltimore City Department of Finance received and approved during the immediately preceding year; and

        (2)    any amounts refunded for a retroactive exemption under this section.