MD SB767

Authorizes Baltimore City and county/municipal governments to grant property tax credits on commercial buildings rented or rented-to-own at fair market value to small businesses

Eligible properties must be located in Arts and Entertainment Districts, Main Street Maryland communities, Baltimore Main Streets, or other designated business improvement districts

Local governments have discretion to set the amount, duration, and eligibility criteria for the tax credit through their own laws

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