Property Tax - Credit for Commercial Buildings Rented to Small Businesses

Summary

The bill authorizes Baltimore’s mayor and city council, as well as county or municipal governing bodies, to create a tax credit that reduces property tax on commercial buildings leased at market rates to small businesses. The credit only applies when the building is located in an approved arts, Main Street, or other designated business‑improvement area, aiming to encourage small‑business occupancy and neighborhood revitalization.

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

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