Section 9-252 - Habitat for Humanity property.
§ 9-252. Habitat for Humanity property.
(a) In general.- The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a property tax credit under this section against the county or municipal corporation property tax that is imposed on real property that is:
(1) owned by Habitat for Humanity with the intention of relinquishing ownership in the immediate future;
(2) used exclusively for the purpose of rehabilitation and transfer to a private owner; and
(3) not occupied by administrative or warehouse buildings owned by Habitat for Humanity.
(b) Annual reports.- If the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation grants a property tax credit under this section, Habitat for Humanity shall submit an annual written report to the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation granting the tax credit documenting:
(1) all of Habitat for Humanity's real property holdings in the jurisdiction granting the tax credit; and
(2) all transactions involving Habitat for Humanity's real property holdings in the jurisdiction granting the tax credit.
(c) Powers of governing body.- The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may, by law:
(1) set the amount, terms, scope, and duration of a credit granted under subsection (a) of this section; and
(2) adopt any other provision necessary to administer a credit granted under subsection (a) of this section.
[2010, chs. 328, 329.]