Section 9-401 - Newly constructed or substantially rehabilitated dwellings that are unsold, unrented, and unoccupied in Baltimore City. - Maryland Statutes

§ 9-401. Newly constructed or substantially rehabilitated dwellings that are unsold, unrented, and unoccupied in Baltimore City.
 

(a)  "Dwelling" defined.- In this section, "dwelling": 

(1) means a newly constructed or substantially rehabilitated dwelling in Baltimore City, that is unsold, unrented, and unoccupied; and 

(2) does not include land. 

(b)  Applicability.- A property tax credit granted under this section applies only to the county property tax. 

(c)  Tax credit not exceeding 100%.- The governing body of Baltimore City may grant a property tax credit not exceeding 100% against the county tax imposed on the dwelling. 

(d)  Restrictions.-  

(1) A property tax credit under this section may not be granted: 

(i) for any dwelling that is used as an office or sample home by the builder or the owner; or 

(ii) for more than 3 dwellings of an owner each year. 

(2) This section does not change the regular assessment procedures that are applicable in Baltimore City. 

(e)  Procedures.- The governing body of Baltimore City may provide for procedures necessary to apply for a property tax credit under this section. 

(f)  Certification.- When the owner of a dwelling applies to the governing body of Baltimore City for a property tax credit under this section, the owner shall certify that the dwelling is unsold, unrented, and unoccupied. 

(g)  Notice required.- A recipient of a property tax credit under this section shall send immediately to the governing body of Baltimore City a notice that the dwelling has been sold, rented, or occupied. 

(h)  Duration.- A property tax credit granted under this section is available: 

(1) as long as the dwelling remains unsold, unrented, and unoccupied; and 

(2) over a continuous period of time not exceeding 1 year for any dwelling. 

(i)  Failure to comply.- If a recipient of a property tax credit under this section fails to comply with the provisions of this section, the property tax credit under this section is forfeited immediately. 
 

[An. Code 1957, art. 81, § 12G-9; 1985, ch. 8, § 2.]