§ 9-240. Buildings located in arts and entertainment district

Latest version.

   (a) Definitions. -- In this section, "arts and entertainment district", "arts and entertainment enterprise", and "qualifying residing artist" have the meanings stated in § 4-701 of the Economic Development Article.

(b) Credit allowed. -- The governing body of a county or municipal corporation may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on a manufacturing, commercial, or industrial building that:

   (1) is located in an arts and entertainment district; and

   (2) is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise.

(c) Credit limitation. -- A tax credit granted under this section may not be granted for more than 10 years.

HISTORY: 2001, ch. 608; 2004, ch. 25; 2005, ch. 175; 2008, ch. 307, § 1.

                    
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