Bill > HB161

This bill allows the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation to grant a property tax credit on real property if its use is changed from a retail service station to another retail use, a residential use, or a mixed retail and residential use, with the important condition that any underground storage tanks on the property must be permanently closed according to environmental regulations. The bill also clarifies that certain retail uses, such as discount stores, tobacco retailers, vape shops, and alcohol retailers, are not eligible for this conversion credit, and this provision will apply to all taxable years after June 30, 2026.