MD SB550

Authorizes Baltimore City to impose property taxes on vacant and abandoned properties owned by nonprofit organizations that would otherwise be tax-exempt under state law

Applies to nonprofit-owned properties that are vacant lots or improved properties cited as vacant and unfit for habitation on a housing or building violation notice

Allows the city to charge both the general property tax rate and the special vacancy tax rate already authorized for other vacant properties

Affects properties owned by charitable, educational, religious, and fraternal nonprofit organizations, including churches and nonprofit hospitals

Takes effect June 1, 2025, applicable to taxable years beginning after June 30, 2025