Title
AN ACT CONCERNING GROCERY STORE TAX CREDIT for the purpose of establishing a tax credit for real property that is used for a grocery store located in an economically disadvantaged or underserved area.
Background
Chapter 724 of the Laws of Maryland (2010) allows the governing body of a county to grant a tax credit against the county property tax imposed on real property that is used for a grocery store located in a low-income area. The proposed legislation establishes a tax credit in the County for real property that is used for a grocery store located in an economically disadvantaged or underserved area.