{"data":{"id":"us-md/md.-code-tax-property-9-268","jurisdiction":"us-md","citation":"Md. Code, Tax - Property § 9–268","heading":"","body":"(a) The Mayor and City Council of Baltimore City or 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 real property that is used for a hotel or residential development project that is newly constructed or involves substantial rehabilitation or revitalization of existing structures.\n(b) To qualify for the credit under this section, a hotel shall substantially increase the assessed value of the property.\n(c) To qualify for the credit under this section, a residential development project shall:\n(1) include at least 20 residential units; and\n(2) have at least 15% of all residential units within the development that are affordable to households earning less than 80% of the area median income.\n(d) 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:\n(1) the amount and duration of the tax credit under this section;\n(2) eligibility requirements for the tax credit;\n(3) application procedures for the tax credit; and\n(4) any other provision necessary to carry out this section.","path":["Article - Tax - Property"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp\u0026section=9-268","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:27Z","sha256":"5a78793f6cf946410654e9b3e6cc34ddaefb950e272991bb9a57aaf8e183779b","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-property-9-267","next":"us-md/md.-code-tax-property-9-269"},"notice":"GroundRules: Original legal text. Not legal advice."}