Maryland SB58 provides a property tax credit for conversions of retail service stations to other uses.
Maryland SB58 establishes a property tax credit for conversions of retail service stations to other uses, including retail, residential, or mixed retail and residential. The credit aims to cover costs related to removing underground storage tanks and remediating contamination. The State will compensate counties and municipal corporations for the lost revenue from this credit. The credit is applicable to taxable years beginning after June 30, 2026.
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