Maryland HB161 allows local governments to grant property tax credits for conversions from retail service stations to other uses.

Maryland HB161 authorizes the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation to grant a property tax credit for real property converted from a retail service station to other uses, such as residential or mixed retail and residential. The credit offsets the property tax revenue that would have been collected if the credit had not been granted. The bill also allows local governments to set the amount and duration of the tax credit, additional eligibility criteria, and regulations for application and processing.

Maryland HB161 allows local governments to grant property tax credits for conversions from retail service stations to other uses.

Maryland HB161 authorizes the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation to grant a property tax credit for real property converted from a retail service station to other uses, such as residential or mixed retail and residential. The credit offsets the property tax revenue that would have been collected if the credit had not been granted. The bill also allows local governments to set the amount and duration of the tax credit, additional eligibility criteria, and regulations for application and processing.