Maryland Code, Tax-Property § 9-249
Current as of December 31, 2021 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(a)(1) In this section the following words have the meanings indicated.
(2)(i) “Commercial fish operation” means any activity for which a person is required to possess a tidal fish license under § 4-701 of the Natural Resources Article.
(ii) “Commercial fish operation” includes any activity for which a person is required to be licensed as a seafood dealer under § 4-701 of the Natural Resources Article.
(3) “Commercial fishing vessel” means a vessel that is:
(i) owned or leased by a person possessing a tidal fish license under § 4-701 of the Natural Resources Article; and
(ii) used in a commercial fish operation.
(4) “Commercial marina” means a marina that leases at least 20% of its slips to commercial fishing vessels.
(5) “Commercial marine repair facility” means a marine repair facility that derives at least 20% of its gross receipts from charges for the repair and maintenance of commercial fishing vessels.
(6)(i) “Commercial waterfront property” means real property that:
1. is adjacent to the tidal waters of the State;
2. is used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility; and
3. for the most recent 3-year period, has produced an average annual gross income of at least $1,000.
(ii) “Commercial waterfront property” includes land that is adjacent to or under improvements used primarily for a commercial fish operation or as a commercial marina or commercial marine repair facility.
(b) The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may grant, by law, a tax credit against the county or municipal corporation property tax imposed on commercial waterfront property.
(c) The Mayor and City Council of Baltimore City or the governing body of a county or of a municipal corporation may provide, by law, for:
(1) the amount and duration of the tax credit under this section;
(2) additional eligibility criteria for the tax credit under this section;
(3) regulations and procedures for the application and uniform processing of requests for the tax credit; and
(4) any other provision necessary to carry out the credit under this section.
Cite this article: FindLaw.com - Maryland Code, Tax-Property § 9-249 - last updated December 31, 2021 | https://codes.findlaw.com/md/tax-property/md-code-tax-property-sect-9-249/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?