Wicomico County - Property Tax Credit - Salisbury Neighborhood Housing Services, Inc., the official text

WES MOORE, Governor                  Ch. 710

Chapter 710

                   (Senate Bill 847)

AN ACT concerning

Wicomico County – Property Tax Credit – Salisbury Neighborhood Housing
                                                Services, Inc.

FOR the purpose of authorizing the governing body of Wicomico County or a municipal
         corporation in Wicomico County to grant, by law, a property tax credit against the
         county or municipal corporation property tax imposed on certain real property owned
         by Salisbury Neighborhood Housing Services, Inc.; and generally relating to a
         property tax credit for real property owned by Salisbury Neighborhood Housing
         Services, Inc.

BY adding to
         Article – Tax – Property
         Section 9–324(d)
         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

9–324.

        (D) (1) THE GOVERNING BODY OF WICOMICO COUNTY OR THE
GOVERNING BODY OF A MUNICIPAL CORPORATION IN WICOMICO COUNTY MAY
GRANT, BY LAW, A PROPERTY TAX CREDIT AGAINST THE COUNTY OR MUNICIPAL
CORPORATION PROPERTY TAX IMPOSED ON REAL PROPERTY THAT IS:

                         (I) OWNED BY SALISBURY NEIGHBORHOOD HOUSING
SERVICES, INC., WITH THE INTENTION OF RELINQUISHING OWNERSHIP IN THE NEAR
FUTURE;

                         (II) USED FOR THE PURPOSES OF  DEVELOPMENT,
REHABILITATION, AND TRANSFER TO A PRIVATE OWNER; AND

                         (III) NOT OCCUPIED BY ADMINISTRATIVE OR WAREHOUSE
BUILDINGS OWNED BY SALISBURY NEIGHBORHOOD HOUSING SERVICES, INC.

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Ch. 710      2026 LAWS OF MARYLAND

                (2) IF THE GOVERNING BODY OF WICOMICO COUNTY OR THE
GOVERNING BODY OF A MUNICIPAL CORPORATION IN WICOMICO COUNTY GRANTS
A PROPERTY TAX CREDIT UNDER THIS SUBSECTION, SALISBURY NEIGHBORHOOD
HOUSING SERVICES, INC., SHALL SUBMIT AN ANNUAL WRITTEN REPORT TO THE
GOVERNING BODY THAT DOCUMENTS THE FOLLOWING:

                         (I) ALL REAL PROPERTY HOLDINGS OF SALISBURY
NEIGHBORHOOD HOUSING SERVICES, INC., IN THE JURISDICTION GRANTING THE
TAX CREDIT; AND

                         (II) ALL TRANSACTIONS INVOLVING REAL PROPERTY HOLDINGS
OF SALISBURY NEIGHBORHOOD HOUSING SERVICES, INC., IN THE JURISDICTION
GRANTING THE TAX CREDIT.

                (3) THE GOVERNING BODY OF WICOMICO COUNTY OR THE
GOVERNING BODY OF A MUNICIPAL CORPORATION IN WICOMICO COUNTY MAY
PROVIDE, BY LAW, FOR:

                         (I) THE AMOUNT, TERMS, SCOPE, AND DURATION OF THE TAX
CREDIT UNDER THIS SUBSECTION; AND

             (II) ANY OTHER PROVISION NECESSARY TO CARRY OUT THIS

SUBSECTION.

         SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June
1, 2026, and shall be applicable to all taxable years beginning after June 30, 2026.

Approved by the Governor, May 26, 2026.

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