Section 9-240 - Buildings located in arts and entertainment district. - Maryland Statutes

§ 9-240. Buildings located in arts and entertainment district.
 

(a)  Definitions.- In this section, "arts and entertainment district", "arts and entertainment enterprise", and "qualifying residing artist" have the meanings stated in § 4-701 of the Economic Development Article. 

(b)  Credit allowed.- 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 a manufacturing, commercial, or industrial building that: 

(1) is located in an arts and entertainment district; and 

(2) is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise. 

(c)  Credit limitation.- A tax credit granted under this section may not be granted for more than 10 years. 
 

[2001, ch. 608; 2004, ch. 25; 2005, ch. 175; 2008, ch. 307, § 1.]