Md. Code Ann., Tax-Prop. § 9-240
Arts and entertainment districts
Effective Oct 1, 2008Added by Acts 2001, c. 608, § 1, eff. July 1, 2001. Amended by Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2005, c. 175, § 1, eff. June 1, 2005; Acts 2008, c. 307, § 1, eff. Oct. 1, 2008.State of Maryland
- (a) In this section, “arts and entertainment district”, “arts and entertainment enterprise”, and “qualifying residing artist” have the meanings stated in § 4-701 of the Economic Development Article.
(b) The governing body of a county or municipal corporation may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on a manufacturing, commercial, or industrial building that:
- (1) is located in an arts and entertainment district; and
- (2) is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise.
- (c) A tax credit granted under this section may not be granted for more than 10 years.
Added by Acts 2001, c. 608, § 1, eff. July 1, 2001. Amended by Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2005, c. 175, § 1, eff. June 1, 2005; Acts 2008, c. 307, § 1, eff. Oct. 1, 2008.