1. (a)

   1. (1) In this section the following words have the meanings indicated.
   2. (2) “Eligible county” means Allegany County and Garrett County.

   3. (3) “Eligible dwelling” means newly constructed residential real property:

      1. (i) that has not been previously occupied since its construction;
      2. (ii) for which the building permit for construction was issued on or after June 1, 2024; and
      3. (iii) occupied by the purchaser of the dwelling as the purchaser's principal residence.

2. (b) The governing body of an eligible county or a municipal corporation located in an eligible county may grant, by law, a property tax credit against the property tax imposed on an eligible dwelling if the eligible dwelling is constructed or equipped with:

   1. (1) a sprinkler system installed in accordance with Title 9, Subtitle 2 of the Public Safety Article or local law;
   2. (2) an on-site sewage disposal system installed in accordance with Title 9 of the Environment Article or local law; or
   3. (3) fixed broadband Internet access service connectivity.

3. (c) The credit allowed under this section:

   1. (1) may not exceed $10,000; and
   2. (2) may be claimed in the taxable year that the property qualifies for the credit and the 4 taxable years following the taxable year in which the property qualifies for the credit.

4. (d) The governing body of an eligible county or a municipal corporation located in an eligible county that grants a property tax credit under this section may provide, by law, for:

   1. (1) subject to the limitation under subsection (c)(1) of this section, the amount of the credit;
   2. (2) additional eligibility criteria for the credit;
   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 tax credit under this section.

Added by Acts 2024, c. 974, § 1, eff. June 1, 2024.