Section 9-240 - Buildings located in arts and entertainment district.
§ 9-240. Buildings located in arts and entertainment district.
(a) Definitions.- In this section, "arts and entertainment district", "arts and entertainment enterprise", and "qualifying residing artist" have the meanings stated in § 4-701 of the Economic Development Article.
(b) Credit allowed.- The governing body of a county or municipal corporation may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on a manufacturing, commercial, or industrial building that:
(1) is located in an arts and entertainment district; and
(2) is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise.
(c) Credit limitation.- A tax credit granted under this section may not be granted for more than 10 years.
[2001, ch. 608; 2004, ch. 25; 2005, ch. 175; 2008, ch. 307, § 1.]