Section 9-249 - Credit for commercial waterfront property. - Maryland Statutes

§ 9-249. Credit for commercial waterfront property.
 

(a)  Definitions.-  

(1) In this section the following words have the meanings indicated. 

(2) (i) "Commercial fish operation" means any activity for which a person is required to possess a tidal fish license under § 4-701 of the Natural Resources Article. 

(ii) "Commercial fish operation" includes any activity for which a person is required to be licensed as a seafood dealer under § 4-701 of the Natural Resources Article. 

(3) "Commercial fishing vessel" means a vessel that is: 

(i) owned or leased by a person possessing a tidal fish license under § 4-701 of the Natural Resources Article; and 

(ii) used in a commercial fish operation. 

(4) "Commercial marina" means a marina that leases at least 20% of its slips to commercial fishing vessels. 

(5) "Commercial marine repair facility" means a marine repair facility that derives at least 20% of its gross receipts from charges for the repair and maintenance of commercial fishing vessels. 

(6) (i) "Commercial waterfront property" means real property that: 

1. is adjacent to the tidal waters of the State; 

2. is used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility; and 

3. for the most recent 3-year period, has produced an average annual gross income of at least $1,000. 

(ii) "Commercial waterfront property" includes land that is adjacent to or under improvements used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility. 

(b)  In general.- The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may grant, by law, a tax credit against the county or municipal corporation property tax imposed on commercial waterfront property. 

(c)  Amount, duration, eligibility and regulations.- 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: 

(1) the amount and duration of the tax credit under this section; 

(2) additional eligibility criteria for the tax credit under this section; 

(3) regulations and procedures for the application and uniform processing of requests for the tax credit; and 

(4) any other provision necessary to carry out the credit under this section. 
 

[2008, ch. 281.]