MD HB889

Wicomico County and its municipal corporations may grant property tax credits on real property owned by Salisbury Neighborhood Housing Services, Inc. that is held temporarily for development, rehabilitation, and transfer to private owners

Administrative and warehouse buildings owned by Salisbury Neighborhood Housing Services, Inc. are excluded from eligibility for the tax credit

Salisbury Neighborhood Housing Services, Inc. must submit annual written reports documenting all real property holdings and transactions in jurisdictions granting the tax credit

Local governing bodies retain authority to set the amount, terms, scope, and duration of the tax credit by law

Takes effect June 1, 2026, applicable to taxable years beginning after June 30, 2026