Wicomico County - Property Tax Credit - Salisbury Neighborhood Housing Services, Inc.

Summary

The bill lets the Wicomico County governing body—or a municipal corporation within the county—grant a tax credit on property taxes for land owned by Salisbury Neighborhood Housing Services, Inc. The credit applies only to properties the nonprofit plans to sell soon, that are being developed or rehabilitated, and that are not used for its own administrative or warehouse purposes. The nonprofit must report annually on its holdings and transactions in the jurisdiction granting the credit.

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

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