Dorchester County, MD Article IX Property Tax Credit for Qualified Brownfields Sites

[Adopted 12-18-2001 by Ord. No. 300]

§ 144-21 Statutory authorization.

Pursuant to the authorization contained in Section 9-229, Tax-Property Article, Annotated Code of Maryland, Dorchester County elects to participate in the Brownfields Revitalization Incentive Program established under § 5-1408 of Article 83A, Annotated Code of Maryland, and to provide a brownfields property tax credit for the taxable year beginning July 1, 2002.

§ 144-22 Tax credit granted.

There is a Dorchester County Brownfields property tax credit against the tax on real property of a qualified brownfields site as defined in Subsection 5-1401 (o), Article 83A, Annotated Code of Maryland, in an amount equal to 50% of the property tax attributable to the increase in the assessment of the qualified brownfields site, including improvements added to the site during the credit period, over the assessment of the qualified brownfields site before the voluntary cleanup or corrective action plan.

§ 144-23 Term of credit.

The credit shall apply in each of the five taxable years immediately following the first revaluation of the property after completion of a voluntary cleanup or corrective action plan of a qualified brownfields site.

§ 144-24 Credit subject to state law.

The credit is subject to the requirements and limitations set forth in Section 9-229 of the Tax-Property Article, Annotated Code of Maryland.

§ 144-25 Contribution to state fund.

Pursuant to the requirement contained in Subsection 9-229(c)(2), Tax-Property Article, Annotated Code of Maryland, for each year of the credit period, Dorchester County shall contribute to the Maryland Economic Development Assistance Fund established under Section 5-1404, Article 83A, Annotated Code of Maryland, an amount equal to 30% of the property tax attributable to the increase in the assessment of the qualified brownfields site during the credit period, over the assessment of the qualified brownfields site before the voluntary cleanup or corrective action plan.

§ 144-26 Empire Zone property.

Notwithstanding § 144-24 of this article, for a site located in an Enterprise Zone designed under Subtitle 4, Title 5, Article 83A, Annotated Code of Maryland, the credit shall apply in each of the five taxable years immediately following the revaluation of the property after completion of a voluntary cleanup or corrective action plan of a qualified brownfields site.

§ 144-27 Abatement of overdue real property taxes.

Overdue real property taxes imposed by Dorchester County on a qualified brownfields site before the designation of the site as a qualified brownfields site shall be abated, subject, however, to the conditions set forth in specific resolutions adopted by the County Commissioners of Dorchester County, overdue real property taxes imposed by the State of Maryland on a qualified brownfields site before the designation of the site as a qualified brownfields site shall be abated.