Property Tax - Credit for Commercial Buildings Rented to Small Businesses

Summary

The bill lets Baltimore’s mayor and city council, as well as county or municipal governing bodies, create a tax credit that reduces the property tax on commercial buildings rented or rented‑to‑own at market rates to small businesses. The credit applies only if the building is in an officially designated arts and entertainment district or a Main Street Maryland community. It aims to encourage small‑business occupancy and revitalization of these targeted areas.

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

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