Section 9-401 - Newly constructed or substantially rehabilitated dwellings that are unsold, unrented, and unoccupied in Baltimore City.
§ 9-401. Newly constructed or substantially rehabilitated dwellings that are unsold, unrented, and unoccupied in Baltimore City.
(a) "Dwelling" defined.- In this section, "dwelling":
(1) means a newly constructed or substantially rehabilitated dwelling in Baltimore City, that is unsold, unrented, and unoccupied; and
(2) does not include land.
(b) Applicability.- A property tax credit granted under this section applies only to the county property tax.
(c) Tax credit not exceeding 100%.- The governing body of Baltimore City may grant a property tax credit not exceeding 100% against the county tax imposed on the dwelling.
(d) Restrictions.-
(1) A property tax credit under this section may not be granted:
(i) for any dwelling that is used as an office or sample home by the builder or the owner; or
(ii) for more than 3 dwellings of an owner each year.
(2) This section does not change the regular assessment procedures that are applicable in Baltimore City.
(e) Procedures.- The governing body of Baltimore City may provide for procedures necessary to apply for a property tax credit under this section.
(f) Certification.- When the owner of a dwelling applies to the governing body of Baltimore City for a property tax credit under this section, the owner shall certify that the dwelling is unsold, unrented, and unoccupied.
(g) Notice required.- A recipient of a property tax credit under this section shall send immediately to the governing body of Baltimore City a notice that the dwelling has been sold, rented, or occupied.
(h) Duration.- A property tax credit granted under this section is available:
(1) as long as the dwelling remains unsold, unrented, and unoccupied; and
(2) over a continuous period of time not exceeding 1 year for any dwelling.
(i) Failure to comply.- If a recipient of a property tax credit under this section fails to comply with the provisions of this section, the property tax credit under this section is forfeited immediately.
[An. Code 1957, art. 81, § 12G-9; 1985, ch. 8, § 2.]