Maryland Statutes
Subtitle 2 - Statewide Optional
Section 9-249 - Credit for Commercial Waterfront Property

(a)    (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)    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)    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.

Structure Maryland Statutes