§ 9-249. Credit for commercial waterfront property.

   (a) Definitions. --

   (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. 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) In general. -- 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) Amount, duration, eligibility and regulations. -- 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 under this section.

HISTORY: 2008, ch. 281.