MD SB58

Baltimore City, counties, and municipal corporations may grant property tax credits on real property converted from retail service stations to other retail, residential, or mixed-use developments

Credits are intended primarily to help defray costs of removing underground storage tanks and remediating contamination from those tanks

Local governments set the amount, duration, eligibility criteria, and procedures for the tax credit program

"Retail use" excludes discount stores (where most items cost $5 or less) and self-service storage facilities, making those conversions ineligible

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