Maryland Code, Tax-Property § 9-259

(a)(1) In this section the following words have the meanings indicated.

(2) “Dwelling” has the meaning stated in § 9-105 of this title.

(3) “Homeowner” has the meaning stated in § 9-105 of this title.

(1) located in a revitalization district;

(2) owned by a homeowner who, on or after June 1, 2017, made substantial improvements to the dwelling in compliance with the code and laws applied to dwellings; and

(3) reassessed at a higher value.

(1) 100% for the first taxable year following the first reassessment after the improvements are made;

(2) 80% for the second taxable year following the first reassessment after the improvements are made;

(3) 60% for the third taxable year following the first reassessment after the improvements are made;

(4) 40% for the fourth taxable year following the first reassessment after the improvements are made;

(5) 20% for the fifth taxable year following the first reassessment after the improvements are made; and

(6) 0% for each taxable year thereafter.

(1) additional eligibility criteria for the tax credit under this section;

(2) regulations and procedures for the application and uniform processing of requests for the tax credit; and

(3) any other provision necessary to carry out the tax credit.