Property Tax Credit - Retail Service Station Conversions

Summary

The bill lets Baltimore City and any county or municipal government create a property‑tax credit for real property that was once a retail service station and is now used for retail, residential, or mixed purposes. The credit is only available after underground storage tanks on the site have been permanently closed. The state will reimburse the local jurisdiction for half of the tax revenue it forgoes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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