Maryland SB847 allows Wicomico County to grant property tax credits for certain real property owned by Salisbury Neighborhood Housing Services, Inc.

Maryland SB847 permits the governing body of Wicomico County or a municipal corporation in Wicomico County to grant a property tax credit for real property owned by Salisbury Neighborhood Housing Services, Inc. The credit applies to property intended for relinquishment, used for development or rehabilitation, and not occupied by administrative or warehouse buildings. The governing body can set the credit's amount, terms, scope, and duration. Salisbury Neighborhood Housing Services, Inc. must submit an annual report documenting the credit's use. The Act takes effect June 1, 2026.

Maryland SB847 allows Wicomico County to grant property tax credits for certain real property owned by Salisbury Neighborhood Housing Services, Inc.

Maryland SB847 permits the governing body of Wicomico County or a municipal corporation in Wicomico County to grant a property tax credit for real property owned by Salisbury Neighborhood Housing Services, Inc. The credit applies to property intended for relinquishment, used for development or rehabilitation, and not occupied by administrative or warehouse buildings. The governing body can set the credit's amount, terms, scope, and duration. Salisbury Neighborhood Housing Services, Inc. must submit an annual report documenting the credit's use. The Act takes effect June 1, 2026.