(a) The governing body of Charles County may grant, by law, a credit, in whole or in part, against the recordation tax imposed on an instrument of writing which transfers property in Charles County to targeted businesses relocating, expanding, or undertaking new construction in Charles County.
(b) The law adopted under subsection (a) of this section shall specify:
(1) the criteria for eligibility for the tax credit;
(2) any desired conditions or restrictions on the granting of the credit; and
(3) the method for calculating the amount of the tax credit.
Structure Maryland Statutes
Section 12-102 - Imposition of Tax
Section 12-104 - Evidence of Consideration or Debt
Section 12-105 - Calculation of Tax
Section 12-106 - Tax on Corporate, Limited Liability Company, and Partnership Transfers
Section 12-107 - Tax on Certain Tangible Personal Property
Section 12-108 - Exemptions From Tax
Section 12-109 - Payment of Recordation Tax
Section 12-110 - Distribution of Revenue
Section 12-111 - Responsibility for Payment of Tax
Section 12-112 - Administration of Tax
Section 12-113 - Proceeds From Recordation Tax in Harford County
Section 12-114 - Charles County Rental Transfer Exemption
Section 12-115 - Charles County Targeted Businesses Exemption
Section 12-116 - Exemption From Recordation Tax
Section 12-118 - Tax on Instrument That Transfers Title to Improved Residential Real Property