1. (a)

   1. (1) In this section the following words have the meanings indicated.

   2. (2)

      1. (i) “Commercial fish operation” means any activity for which a person is required to possess a tidal fish license under § 4-701 of the Natural Resources Article.
      2. (ii) “Commercial fish operation” includes any activity for which a person is required to be licensed as a seafood dealer under § 4-701 of the Natural Resources Article.

   3. (3) “Commercial fishing vessel” means a vessel that is:

      1. (i) owned or leased by a person possessing a tidal fish license under § 4-701 of the Natural Resources Article; and
      2. (ii) used in a commercial fish operation.
   4. (4) “Commercial marina” means a marina that leases at least 20% of its slips to commercial fishing vessels.
   5. (5) “Commercial marine repair facility” means a marine repair facility that derives at least 20% of its gross receipts from charges for the repair and maintenance of commercial fishing vessels.

   6. (6)

      1. (i) “Commercial waterfront property” means real property that:

         1. 1. is adjacent to the tidal waters of the State;
         2. 2. is used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility; and
         3. 3. for the most recent 3-year period, has produced an average annual gross income of at least $1,000.
      2. (ii) “Commercial waterfront property” includes land that is adjacent to or under improvements used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility.
2. (b) 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 tax credit against the county or municipal corporation property tax imposed on commercial waterfront property.

3. (c) The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may provide, by law, for:

   1. (1) the amount and duration of the tax credit under this section;
   2. (2) additional eligibility criteria for the tax credit under this section;
   3. (3) regulations and procedures for the application and uniform processing of requests for the tax credit; and
   4. (4) any other provision necessary to carry out the credit under this section.

Added by Acts 2008, c. 281, § 1, eff. June 1, 2008.