State
Maryland
Year
2010
Geographic Requirements
Programs available without regard to any designated geographic area
Incentive Description
The incentive is a local property tax credit, the amount and duration of which are established by local laws.
Eligibility Criteria
Incentives Restricted to Certain Industries or Uses
Local Option in Adoption of Program
Local government must take action to opt in
Local Option Regarding Program Features
Yes
Description of Local Option Regarding Adoption or Program Features
Local governments may grant, by law, a tax credit against the county or municipal corporation property tax imposed on commercial waterfront property. The law will provide for the amount and duration of the tax credit; additional eligibility criteria; regulations and procedures for the application and uniform processing of requests for the tax credit; and any other provisions necessary to carry out the credit.
Incentive Type
Credit
Description of Eligibility Criteria
This incentive is restricted to property used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility; and has produced an average annual gross income of at least $1,000 in the most recent 3-year period.
Eligible Property Type
Commercial
Local Government Actions
Local Legislative Body Approval
Description of Eligible Property Type
Eligible property is commercial waterfront property that is adjacent to the tidal waters of the State.
Record ID
MD011_ED10