(a) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a property tax credit under this section against the county or municipal corporation property tax that is imposed on real property that is: (1) owned by Habitat for Humanity with the intention of relinquishing ownership in the near future; (2) used for the purposes of development, rehabilitation, and transfer to a private owner; and (3) not occupied by administrative or warehouse buildings owned by Habitat for Humanity. (b) If the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation grants a property tax credit under this section, Habitat for Humanity shall submit an annual written report to the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation granting the tax credit documenting: (1) all of Habitat for Humanity’s real property holdings in the jurisdiction granting the tax credit; and (2) all transactions involving Habitat for Humanity’s real property holdings in the jurisdiction granting the tax credit. ity’s real property holdings in the jurisdiction granting the tax credit; and (2) all transactions involving Habitat for Humanity’s real property holdings in the jurisdiction granting the tax credit. (c) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may, by law: (1) set the amount, terms, scope, and duration of a credit granted under subsection (a) of this section; and (2) adopt any other provision necessary to administer a credit granted under subsection (a) of this section.
Maryland Legal Code