Property Tax Credit - Retail Service Station Conversions

Summary

The bill authorizes Baltimore and other Maryland counties or municipalities to offer a property‑tax credit to owners who change a former retail service station into retail, residential, or mixed‑use space, provided underground storage tanks are permanently closed. The state will reimburse each jurisdiction for half of the tax revenue it forgoes. The measure aims to offset the cost of tank removal and site cleanup.

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

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