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Ch. 493 2000 LAWS OF MARYLAND
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(2) identify clearly on the tax roll the properties that are granted a
property tax credit under this section.
9-205.
(a) The Mayor and City Council of Baltimore City or the governing body of a
county or of a municipal corporation may grant, by law, a property tax credit under
this section against the county or municipal corporation property tax imposed on part
or all of the property of any manufacturing, fabricating, or assembling facility that:
(1) locates in the county or municipal corporation;
(2) expands in the county or municipal corporation; or
(3) develops a new product or industrial process.
(b) A property tax credit under this section may be granted on up to 100% of
the county or municipal corporation property tax against the property described in
subsection (a) of this section.
(c) A property tax credit granted under this section may be granted for the
period of years from the date of completion of a new facility or expansion of a facility
that the Mayor and City Council of Baltimore City or the appropriate governing body
determines.
(d) The Mayor and City Council of Baltimore City or the appropriate
governing body may:
(1) adopt regulations necessary to carry out this section; and
(2) provide any other restriction or condition considered desirable.
(e) The Mayor and City Council of Baltimore City or each governing body shall
designate the administrative unit or official to administer the property tax credit
granted under this section.
(f) When a tax bill is sent to a taxpayer who may be eligible for a property tax
credit under this section, the Mayor and City Council of Baltimore City or the
appropriate governing body shall give notice of the property tax credit under this
section to the taxpayer.
(g) (1) A taxpayer must apply to receive a tax credit under this section.
(2) Except in Frederick County, if a taxpayer fails to apply for a property
tax credit under this section on or before October 1 of each taxable year, the property
tax credit may not be granted.
(3) In Frederick County, a taxpayer may apply for a property tax credit
under this section on or before October 1 of the taxable year, and the property tax
credit received shall continue from year to year until the property is conveyed.
(4) A taxpayer shall state under oath that the facts in the application are
true.
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