1. (a) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a tax credit against the county or municipal corporation property tax imposed on a commercial building that is rented or rented to own at fair market value to a small business if the commercial building is located in:

   1. (1) an arts and entertainment district designated under Title 4, Subtitle 7 of the Economic Development Article;
   2. (2) a Main Street Maryland community designated by the Department of Housing and Community Development;
   3. (3) a Baltimore Main Street as designated by the Mayor and City Council of Baltimore City; or
   4. (4) any other business improvement district as designated by the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation.

2. (b) The Mayor and City Council of Baltimore City or the governing body of a county or 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) application procedures for the tax credit under this section; and
   4. (4) any other provision necessary to carry out the tax credit under this section.

Added by Acts 2026, c. 603, § 1, eff. June 1, 2026.