§ 14-902. Tax abatement

Latest version.

   (a) Definitions. --

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

   (2) "Qualified brownfields site" has the meaning stated in § 5-301 of the Economic Development Article.

   (3) "Tax" has the meaning stated in § 14-801(c) of this title.

(b) Abatement on property designated as brownfields site. -- The governing body of a county or municipal corporation may grant, by law, a tax abatement against the overdue county or municipal corporation property taxes imposed on real property that is designated as a qualified brownfields site.

HISTORY: 1997, chs. 1, 2; 2000, ch. 61, § 6; 2001, ch. 29, § 1; ch. 608; 2008, ch. 307, § 1.

                    
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