Maryland 2025 Regular Session

Maryland House Bill HB341 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
4	4	[Brackets] indicate matter deleted from existing law.
5	5	hb0341
6	6
7	7	HOUSE BILL 341
8	8	Q1 5lr1187
9	9	HB 12/24 – W&M CF 5lr1186
10	10	By: Delegates Ruth, Allen, Bartlett, Embry, Kerr, Korman, McCaskill, Pasteur,
11	11	Phillips, Terrasa, White Holland, Wu, and Ziegler
12	12	Introduced and read first time: January 13, 2025
13	13	Assigned to: Ways and Means
14	14
15	15	A BILL ENTITLED
16	16
17	17	AN ACT concerning 1
18	18
19	19	Property Tax Credit – Retail Service Station Conversions 2
20	20
21	21	FOR the purpose of authorizing the Mayor and City Council of Baltimore City or the 3
22	22	governing body of a county or municipal corporation to grant, by law, a credit against 4
23	23	the county or municipal corporation property tax imposed on real property if use of 5
24	24	the real property has been converted from a retail service station to other certain 6
25	25	uses; requiring the State to pay to each county or municipal corporation that grants 7
26	26	the property tax credit under this Act an amount equal to a certain percentage of 8
27	27	certain forgone revenue of the county or municipal corporation; and generally 9
28	28	relating to a property tax credit for retail service station conversions. 10
29	29
30	30	BY adding to 11
31	31	Article – Tax – Property 12
32	32	Section 9–275 13
33	33	Annotated Code of Maryland 14
34	34	(2019 Replacement Volume and 2024 Supplement) 15
35	35
36	36	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 16
37	37	That the Laws of Maryland read as follows: 17
38	38
39	39	Article – Tax – Property 18
40	40
41	41	9–275. 19
42	42
43	43	(A) (1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEANINGS 20
44	44	INDICATED. 21
45	45
46	46	(2) “DISCOUNT STORE ” MEANS A RETAIL STORE THAT OFFERS FO R 22
47	47	SALE: 23 2 HOUSE BILL 341
48	48
49	49
50	50
51	51	(I) A COMBINATION AND VA RIETY OF CONVENIENCE AND 1
52	52	CONSUMER SHOPPING GO ODS; AND 2
53	53
54	54	(II) THE MAJORITY OF THE ITEMS IN THE INVENTO RY AT A 3
55	55	PRICE NOT TO EXCEED $5. 4
56	56
57	57	(3) “RETAIL USE” DOES NOT INCLUDE USE AS A DISCOUNT STORE OR 5
58	58	A SELF–SERVICE STORAG E FACILITY. 6
59	59
60	60	(B) IT IS THE INTENT OF T HE GENERAL ASSEMBLY THAT A PROPE RTY TAX 7
61	61	CREDIT AUTHORIZED UN DER THIS SECTION BE GRANTED PRIMARILY TO DEFRAY 8
62	62	COSTS ASSOCIATED WIT H THE REMOVAL OF UND ERGROUND STORAGE TAN KS AND 9
63	63	THE REMEDIATION OF A NY CONTAMINATION ASS OCIATED WITH UNDERGROU ND 10
64	64	STORAGE TANKS . 11
65	65
66	66	(C) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE 12
67	67	GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORATION MAY GRAN T, BY LAW, 13
68	68	A PROPERTY TAX CREDI T UNDER THIS SECTION AGAINST THE COUNTY O R 14
69	69	MUNICIPAL CORPORATIO N PROPERTY TAX IMPOSED ON REAL PROPERTY IF THE USE 15
70	70	OF THE REAL PROPERTY HAS BEEN CONVERTED F ROM A RETAIL SERVICE STATION 16
71	71	TO ANOTHER RETAIL US E, A RESIDENTIAL USE , OR A MIXED RETAIL AN D 17
72	72	RESIDENTIAL USE . 18
73	73
74	74	(D) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE 19
75	75	GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORATION MAY PROV IDE, BY 20
76	76	LAW, FOR: 21
77	77
78	78	(1) THE AMOUNT AND DURAT ION OF THE TAX CREDI T UNDER THIS 22
79	79	SECTION; 23
80	80
81	81	(2) ADDITIONAL ELIGIBILI TY CRITERIA FOR THE TAX CREDIT; 24
82	82
83	83	(3) REGULATIONS AND PROC EDURES FOR THE APPLICATION AND 25
84	84	UNIFORM PROCESSING O F REQUESTS FOR THE T AX CREDIT; AND 26
85	85
86	86	(4) ANY OTHER PROVISION NECESSARY TO CARRY O UT THE TAX 27
87	87	CREDIT UNDER THIS SE CTION. 28
88	88
89	89	(E) AS PROVIDED IN THE STATE BUDGET , THE STATE SHALL PAY TO EA CH 29
90	90	COUNTY OR MUNICIPAL CORPORATION T HAT GRANTS THE TAX C REDIT UNDER THIS 30
91	91	SECTION AN AMOUNT EQ UAL TO 50% OF THE PROPERTY TAX REVENUE THAT WOULD 31
92	92	HAVE BEEN COLLECTED IF THE TAX CREDIT UN DER THIS SECTION HAD NOT BEEN 32 HOUSE BILL 341 3
93	93
94	94
95	95	GRANTED. 1
96	96
97	97	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 2
98	98	1, 2025, and shall be applicable to all taxable years beginning after June 30, 2025. 3
99	99