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Maryland Code, Tax-Property § 7-204.2

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) A person who applies for an exemption under § 7-202 or § 7-204 of this subtitle for real property in Baltimore City may request that the exemption be applied retroactively for a period of up to 3 taxable years, ending with the taxable year in which the application is filed.

(b) Subject to subsection (c) of this section and notwithstanding any other provision of this article:

(1) the Department shall grant an exemption for all eligible taxable years to a person who requests a retroactive exemption under this section; and

(2) Baltimore City and the State shall pay a refund to the person for any excess taxes paid due to a retroactive exemption granted under this section.

(c) A retroactive exemption granted by the Department under this section:

(1) is subject to the review and approval of the Baltimore City Solicitor and Baltimore City Department of Finance; and

(2) may be granted only on a showing of good cause as to why the exemption was not applied for in a timely manner.

(d) On or before December 1, 2023, and each December 1 through December 1, 2027, the Baltimore City Department of Finance shall submit to the Governor and, in accordance with § 2-1257 of the State Government Article, the General Assembly a report that indicates:

(1) the number of requests for a retroactive exemption under this section that the Baltimore City Department of Finance received and approved during the immediately preceding year; and

(2) any amounts refunded for a retroactive exemption under this section.

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Cite this article: FindLaw.com - Maryland Code, Tax-Property § 7-204.2 - last updated January 01, 2025 | https://codes.findlaw.com/md/tax-property/md-code-tax-property-sect-7-204-2/

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