Maryland HB840: Property Tax - Credit for Commercial Buildings Rented to Small Businesses

What the bill says

A bill ENTITLED AN ACT concerning Property Tax - Credit for Commercial Buildings Rented to Small Businesses FOR the purpose of authorizing the Mayor and City Council of Baltimore City and the governing body of a county or municipal corporation to grant, by law, a credit against the county or municipal corporation property tax imposed on a commercial building that is rented to a small business if the commercial building is located in certain areas; and generally relating to a property tax credit for commercial buildings rented to small businesses…

From the introduced text, February 4, 2026:

A BILL ENTITLED AN ACT concerning Property Tax - Credit for Commercial Buildings Rented to Small Businesses FOR the purpose of authorizing the Mayor and City Council of Baltimore City and the governing body of a county or municipal corporation to grant, by law, a credit against the county or municipal corporation property tax imposed on a commercial building that is rented to a small business if the commercial building is located in certain areas; and generally relating to a property tax credit for commercial buildings rented to small businesses. BY adding to Article - Tax - Property Section 9-276 Annotated Code of Maryland (2019 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Tax - Property 9-276. (A) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORATION MAY GRANT, BY LAW, A TAX CREDIT AGAINST THE COUNTY OR MUNICIPAL CORPORATION PROPERTY TAX IMPOSED ON A COMMERCIAL BUILDING THAT IS RENTED OR RENTED TO OWN AT FAIR MARKET VALUE TO A SMALL BUSINESS IF THE COMMERCIAL BUILDING IS LOCATED IN: EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW. [Brackets] indicate matter deleted from exist in g l aw . *hb0840* HOUSE BILL (1) AN …