§ 9-401

# (a)

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)

A property tax credit granted under this section applies only to the county property tax.

# (c)

The governing body of Baltimore City may grant a property tax credit not exceeding 100% against the county tax imposed on the dwelling.

# (d)

# (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)

The governing body of Baltimore City may provide for procedures necessary to apply for a property tax credit under this section.

# (f)

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)

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)

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)

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.