(A) Definitions. Improvement means an addition to or modification of real property which adds to the assessed valuation of the property as determined by the State Department of Assessments and Taxation.
(B) Credit. As authorized by, and subject to, the provisions set forth in the Annotated Code of Maryland, Tax-Property Article, § 9-213, Frederick County, Maryland hereby establishes a tax credit against the county property tax imposed on an improvement of real property if the improvement is:
(1) Completed after July 1, 2023; and
(2) Used exclusively for a day care center that is:
(a) Registered as a family child care home under Title 9.5, Subtitle 3, of the Education Article;
(b) Licensed as a child care center under Title 9.5, Subtitle 4, of the Education Article;
(c) Licensed as a day care center for the elderly under Title 14, Subtitle 2 of the Health - General Article; or
(d) Licensed as a day care center for adults under Title 14, Subtitle 3 of the Health - General Article.
(C) Amount of credit. The amount of the credit authorized under this section shall not exceed in each year the lesser of:
(1) $3,000; or
(2) The amount of the county property tax attributable to that portion of property for which the credit was granted.
(D) Duration. The county property tax credit shall run for a period not to exceed five consecutive tax years following the initial application and qualification for this tax credit.
(E) Application. An application for, or renewal of, the tax credit created by this section shall be filed on or before October 1 of each taxable year for which the tax credit is being sought. If the application or renewal is filed after October 1, the credit shall be disallowed that year but shall be treated as an application or renewal for a tax credit for the following taxable year. The tax credit is non-transferable to a new property owner.
(F) Additional tax credits. The property owner is eligible to receive this credit in addition to other homeowner tax credits, except those prohibited by Tax-Property Article, § 9-213. At no time shall the amount of any combined credits be greater than the net county tax.
(G) Administration. The County Treasurer may adopt guidelines, regulations or procedures to administer this section.
(Bill No. 23-22, 1-2-2024)