2013 Maryland Code
TAX - PROPERTY
§ 9-320 - St. Mary's County

§9-320.

(a) (1) The governing body of St. Mary’s County may grant, by law, a property tax credit under this section against county property tax imposed on:

(i) property that is:

1. owned by the St. George’s Island Improvement Association, Incorporated; and

2. used only for community or civic purposes;

(ii) real property that is owned by the Seventh District Optimist Youth Foundation, Inc.;

(iii) real property, including any improvements, that is subject to a State or a county land preservation program; and

(iv) real property that:

1. was formerly used solely as a tobacco barn; and

2. is subject to a tobacco buyout agreement.

(2) In authorizing a credit under paragraph (1)(iv) of this subsection, the governing body of the county may provide, by law, for:

(i) the amount of the credit;

(ii) the duration of the credit; and

(iii) any other provision necessary to administer the credit.

(b) (1) The governing body of St. Mary’s County may grant, by law, a property tax credit against the county property tax imposed on personal property.

(2) A law adopted under paragraph (1) of this subsection may provide for:

(i) the amount of a credit;

(ii) the subclasses of personal property under § 8-101(c) of this article to which the credit applies; and

(iii) other provisions necessary to administer the credit.

(c) (1) The governing body of St. Mary’s County or of a municipal corporation in St. Mary’s County may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on real property that is:

(i) leased to a nonprofit school; and

(ii) used exclusively for primary or secondary educational purposes.

(2) A property tax credit granted under this subsection shall continue as long as the property is in compliance with the terms of this subsection.