(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. 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 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.
Maryland Legal Code