All commercial and industrial businesses (the “qualified business”) located in Garrett County are eligible for the County real property tax credit, provided that qualified business makes a capital improvement to it’s real property in the minimum amount of $100,000 on or after July 1, 2007 (the “minimum capital investment”). The minimum capital investment shall be determined by the State Department of Assessment and Taxation in accordance with it’s rules and regulations for the assessment of real property in the State of Maryland and in accordance with this chapter.
(Res. 2008-9, passed 6-24-2008)