Maryland 2025 Regular Session

Maryland Senate Bill SB344 Compare Versions

Version 1 (Old)

Version 2 (New)

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		-	Underlining indicates amendments to bill.
6		-	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
7		-	amendment.
8	5		sb0344
9	6
10	7		SENATE BILL 344
11	8		Q1 5lr1186
12	9		SB 67/24 – B&T CF HB 341
13	10		By: Senators Brooks and Watson
14	11		Introduced and read first time: January 16, 2025
15	12		Assigned to: Budget and Taxation
16		-	Committee Report: Favorable with amendments
17		-	Senate action: Adopted
18		-	Read second time: February 7, 2025
19	13
20		-	~~CHAPTER ______~~
	14	+	A BILL ENTITLED
21	15
22	16		AN ACT concerning 1
23	17
24	18		Property Tax Credit – Retail Service Station Conversions 2
25	19
26	20		FOR the purpose of authorizing the Mayor and City Council of Baltimore City or the 3
27	21		governing body of a county or municipal corporation to grant, by law, a credit against 4
28	22		the county or municipal corporation property tax imposed on real property if use of 5
29	23		the real property has been converted from a retail service station to other certain 6
30		-	uses; requiring ~~authorizing~~ the State to pay to each county or municipal corporation 7
31		-	~~that grants~~ the property tax credit under this Act an amount equal to a certain 8
32		-	~~percentage of~~ certain forgone revenue of the county or municipal corporation; and 9
33		-	~~generally~~ relating to a property tax credit for retail service station conversions. 10
	24	+	uses; requiring the State to pay to each county or municipal corporation that grants 7
	25	+	the property tax credit under this Act an amount equal to a certain percentage of 8
	26	+	certain forgone revenue of the county or municipal corporation; and generally 9
	27	+	relating to a property tax credit for retail service station conversions. 10
34	28
35	29		BY adding to 11
36	30		Article – Tax – Property 12
37	31		Section 9–275 13
38	32		Annotated Code of Maryland 14
39	33		(2019 Replacement Volume and 2024 Supplement) 15
40	34
41	35		SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 16
42	36		That the Laws of Maryland read as follows: 17
43	37
44	38		Article – Tax – Property 18
45	39
46	40		9–275. 19
	41	+
	42	+	(A) (1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEANINGS 20
	43	+	INDICATED. 21
	44	+
	45	+	(2) “DISCOUNT STORE ” MEANS A RETAIL STORE THAT OFFERS FOR 22
	46	+	SALE: 23
47	47		2 SENATE BILL 344
48	48
49	49
50		-	(A) ~~(1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEANINGS~~ 1
51		-	~~INDICATED.~~ 2
	50	+	(I) A COMBINATION AND VA RIETY OF CONVENIENCE AND 1
	51	+	CONSUMER SHOPPING GO ODS; AND 2
52	52
53		-	(2) ~~“DISCOUNT STORE ” MEANS~~ A ~~RETAIL STORE THAT OFFERS FOR~~ 3
54		-	~~SALE:~~ 4
	53	+	(II) THE MAJORITY OF THE ITEM S IN THE INVENTORY A T A 3
	54	+	PRICE NOT TO EXCEED $5. 4
55	55
56		-	(I) A ~~COMBINATION AND VA RIETY OF CONVENIENCE AND~~ 5
57		-	~~CONSUMER SHOPPING GO ODS;~~ ~~AND~~ 6
	56	+	(3) “RETAIL USE” DOES NOT INCLUDE USE AS A DISCOUNT STORE OR 5
	57	+	A SELF–SERVICE STORAGE FACI LITY. 6
58	58
59		-	(II) THE MAJORITY OF THE ITEMS IN THE INVENTO RY AT A 7
60		-	PRICE NOT TO EXCEED $5. 8
	59	+	(B) IT IS THE INTENT OF T HE GENERAL ASSEMBLY THAT A PROPE RTY TAX 7
	60	+	CREDIT AUTHORIZED UNDER THIS SECTION BE GRAN TED PRIMARILY TO DEF RAY 8
	61	+	COSTS ASSOCIATED WIT H THE REMOVAL OF UND ERGROUND STORAGE TAN KS AND 9
	62	+	THE REMEDIATION OF A NY CONTAMINATION ASS OCIATED WITH UNDERGR OUND 10
	63	+	STORAGE TANKS . 11
61	64
62		-	(3) “RETAIL USE” DOES NOT INCLUDE USE AS A DISCOUNT STORE OR 9
63		-	A SELF–SERVICE STORAGE FACI LITY. 10
	65	+	(C) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE 12
	66	+	GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORA TION MAY GRANT , BY LAW, 13
	67	+	A PROPERTY TAX CREDI T UNDER THIS SECTION AGAINST THE COUNTY O R 14
	68	+	MUNICIPAL CORPORATIO N PROPERTY TAX IMPOS ED ON REAL PROPERTY IF THE USE 15
	69	+	OF THE REAL PROPERTY HAS BEEN CONVERTED F ROM A RETAIL SERV ICE STATION 16
	70	+	TO ANOTHER RETAIL US E, A RESIDENTIAL USE , OR A MIXED RETAIL AN D 17
	71	+	RESIDENTIAL USE . 18
64	72
65		-	(B) IT IS THE INTENT OF T HE GENERAL ASSEMBLY THAT A PROPE RTY TAX 11
66		-	CREDIT AUTHORIZED UN DER THIS SECTION BE GRANTED PRIMARILY TO DEFRAY 12
67		-	COSTS ASSOCIATED WIT H THE REMOVAL OF UND ERGROUND S TORAGE TANKS AND 13
68		-	THE REMEDIATION OF A NY CONTAMINATION ASS OCIATED WITH UNDERGR OUND 14
69		-	STORAGE TANKS . 15
	73	+	(D) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE 19
	74	+	GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORATION MAY PROV IDE, BY 20
	75	+	LAW, FOR: 21
70	76
71		-	(C) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE 16
72		-	GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORATION MAY GRAN T, BY LAW, 17
73		-	A PROPERTY TAX CREDI T UNDER TH IS SECTION AGAINST T HE COUNTY OR 18
74		-	MUNICIPAL CORPORATIO N PROPERTY TAX IMPOS ED ON REAL PROPERTY IF THE USE 19
75		-	OF THE REAL PROPERTY HAS BEEN CONVERTED F ROM A RETAIL SERVICE STATION 20
76		-	TO ANOTHER RETAIL US E, A RESIDENTIAL USE , OR A MIXED RETAIL AN D 21
77		-	RESIDENTIAL USE . 22
	77	+	(1) THE AMOUNT AND DURATION OF THE TAX CREDIT UNDER THIS 22
	78	+	SECTION; 23
78	79
79		-	(D) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE 23
80		-	GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORATION MAY PROV IDE, BY 24
81		-	LAW, FOR: 25
	80	+	(2) ADDITIONAL ELIGIBILI TY CRITERIA FOR THE TAX CREDIT; 24
82	81
83		-	(1) THE ~~AMOUNT~~ AND ~~DURAT ION OF THE TAX CREDI T UNDER THIS 26~~
84		-	~~SECTION~~; 27
	82	+	(3) REGULATIONS AND PROC EDURES FOR THE APPLI CATION AND 25
	83	+	UNIFORM PROCESSING O F REQUESTS FOR THE T AX CREDIT; AND 26
85	84
86		-	(2) ADDITIONAL ELIGIBILI TY CRITERIA FOR THE TAX CREDIT; 28
	85	+	(4) ANY OTHER PROVISION NECESSARY TO CARRY OUT THE TAX 27
	86	+	CREDIT UNDER THIS SE CTION. 28
87	87
88		-	(3) REGULATIONS AND PROC EDURES FOR THE APPLI CATION AND 29
89		-	UNIFORM PROCESSING O F REQUESTS FOR THE T AX CREDIT; AND 30
90		-
91		-	(4) ANY OTHER PROVISION NECESSARY TO CARRY O UT THE TAX 31
92		-	CREDIT UNDER THIS SE CTION. 32
93		-	SENATE BILL 344 3
94		-
95		-
96		-	(E) AS PROVIDED IN THE STATE BUDGET , THE STATE SHALL THE STATE 1
97		-	MAY PAY TO EACH COUNTY O R MUNICIPAL CORPORAT ION THAT GRANTS THE TAX 2
98		-	CREDIT UNDER THIS SE CTION AN AMOUNT EQUA L TO 50% OF THE PROPERTY TAX 3
99		-	REVENUE THAT WOULD H AVE BEEN COLLECTED I F THE TAX CREDIT UND ER THIS 4
100		-	SECTION HAD NOT BEEN GRANTED. 5
101		-
102		-	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 6
103		-	1, 2025, and shall be applicable to all taxable years beginning after June 30, 2025. 7
	88	+	(E) AS PROVIDED IN THE STATE BUDGET , THE STATE SHALL PAY TO EA CH 29
	89	+	COUNTY OR MUNICIPAL CORPORATION THAT GRA NTS THE TAX CREDIT U NDER THIS 30
	90	+	SECTION AN AMOUNT EQ UAL TO 50% OF THE PROPERTY TAX REVENUE THAT WOULD 31
	91	+	HAVE BEEN COLLECTED I F THE TAX CREDIT UND ER THIS SECTION HAD NOT BEEN 32
	92	+	GRANTED. 33 SENATE BILL 344 3
104	93
105	94
106	95
107		-	Approved:
108		-	________________________________________________________________________________
109		-	Governor.
110		-	________________________________________________________________________________
111		-	President of the Senate.
112		-	________________________________________________________________________________
113		-	Speaker of the House of Delegates.
	96	+	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 1
	97	+	1, 2025, and shall be applicable to all taxable years beginning after June 30, 2025. 2
	98	+