(a)(1) In this section the following words have the meanings indicated.
(2)“Eligible county” means Allegany County and Garrett County.
(3)“Eligible dwelling” means newly constructed residential real property:
(i)that has not been previously occupied since its construction;
(ii)for which the building permit for construction was issued on or after June 1, 2024; and
(iii)occupied by the purchaser of the dwelling as the purchaser’s principal residence.
(b)The governing body of an eligible county or a municipal corporation located in an eligible county may grant, by law, a property tax credit against the property tax imposed on an eligible dwelling if the eligible dwelling is constructed or equipped wit
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(a) (1) In this section the following words have the meanings indicated.
(2) “Eligible county” means Allegany County and Garrett County.
(3) “Eligible dwelling” means newly constructed residential real property:
(i) that has not been previously occupied since its construction;
(ii) for which the building permit for construction was issued on or after June 1, 2024; and
(iii) occupied by the purchaser of the dwelling as the purchaser’s principal residence.
(b) The governing body of an eligible county or a municipal corporation located in an eligible county may grant, by law, a property tax credit against the property tax imposed on an eligible dwelling if the eligible dwelling is constructed or equipped with:
(1) a sprinkler system installed in accordance with Title 9, Subtitle 2 of the Public Safety Article or local law;
(2) an on–site sewage disposal system installed in accordance with Title 9 of the Environment Article or local law; or
(3) fixed broadband Internet access service connectivity.
(c) The credit allowed under this section:
(1) may not exceed $10,000; and
(2) may be claimed in the taxable year that the property qualifies for the credit and the 4 taxable years following the taxable year in which the property qualifies for the credit.
(d) The governing body of an eligible county or a municipal corporation located in an eligible county that grants a property tax credit under this section may provide, by law, for:
(1) subject to the limitation under subsection (c)(1) of this section, the amount of the credit;
(2) additional eligibility criteria for the credit;
(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 tax credit under this section.