Maryland Tax - Property Section 9-234

      (a)      The governing body of a county or municipal corporation may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on real property containing a vacant or underutilized commercial building that:

            (1)      was built primarily for office, industrial, or other commercial purposes;

            (2)      was last used for office, industrial, or other commercial purposes; and

            (3)      is renovated for use primarily as housing.

      (b)      The governing body of a county or municipal corporation may establish conditions for the granting of a property tax credit under paragraph (1) of this subsection, including:

            (1)      eligibility criteria;

            (2)      application procedures; and

            (3)      provisions for a payment in lieu of taxes to the county or municipal corporation by the recipient of the tax credit.