400

LAWS OF MARYLAND

Ch. 8

intangible personal property, see the General
Revisor's Note to this title.

Defined terms: "County" § 1-101
"Governing body" § 1-101 "Law" § 1-101
"Property" § 1-101 "Property tax" § 1-101
"Real property" § 1-101

SUBTITLE 4. COUNTIES TO WHICH GENERAL PROVISIONS
ARE NOT APPLICABLE.

9-401. NEWLY CONSTRUCTED OR SUBSTANTIALLY REHABILITATED
DWELLINGS THAT ARE UNSOLD, UNRENTED, AND UNOCCUPIED IN BALTIMORE
CITY.

(A)  "DWELLING" DEFINED.

IN THIS SECTION, "DWELLING":

(1)  MEANS A NEWLY CONSTRUCTED OR SUBSTANTIALLY
REHABILITATED DWELLING IN BALTIMORE CITY, THAT IS UNSOLD,
UNRENTED, AND UNOCCUPIED; AND

(2)  DOES NOT INCLUDE LAND.

(B)  APPLICABILITY.

A PROPERTY TAX CREDIT GRANTED UNDER THIS SECTION APPLIES
ONLY TO THE COUNTY PROPERTY TAX.

(C)  TAX CREDIT NOT EXCEEDING 100%.

THE GOVERNING BODY OF BALTIMORE CITY MAY GRANT A PROPERTY
TAX CREDIT NOT EXCEEDING 100% AGAINST THE COUNTY TAX IMPOSED ON
THE DWELLING.

(D)  RESTRICTIONS.

(1)  A PROPERTY TAX CREDIT UNDER THIS SECTION MAY NOT
BE GRANTED:

(I)  FOR ANY DWELLING THAT IS USED AS AN OFFICE
OR SAMPLE HOME BY THE BUILDER OR THE OWNER; OR

(II)  FOR MORE THAN 3 DWELLINGS OF AN OWNER EACH
YEAR.

(2)  THIS SECTION DOES NOT CHANGE THE REGULAR
ASSESSMENT PROCEDURES THAT ARE APPLICABLE IN BALTIMORE CITY.

(E)  PROCEDURES.

THE GOVERNING BODY OF BALTIMORE CITY MAY PROVIDE FOR
PROCEDURES NECESSARY TO APPLY FOR A PROPERTY TAX CREDIT UNDER
THIS SECTION.