§ 9-214

# (a)

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 property tax credit against the county or municipal corporation property tax imposed on that portion of the real property on which an improvement is substantially completed if:

# (1)

the property is owned by a business having at least 25 employees; and

# (2)

the improvement contains an area set aside and dedicated exclusively for a child care center that is:

(i) registered as a family child care home or large family child care home under Title 9.5, Subtitle 3 of the Education Article; or

(ii) licensed as a child care center under Title 9.5, Subtitle 4 of the Education Article.

# (b)

The amount of the annual credit may not exceed $10,000 or the amount of county or municipal corporation property tax attributable to that portion of property for which the credit was granted, whichever is less.

# (c)

Subject to subsection (b) of this section, 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 property tax credit under this section; and

# (2)

any other provision necessary to carry out the property tax credit under this section.