Maryland Governor Signs Property Tax Law Authorizing Prince George’s County to Create Business Improvement Districts

The Maryland Governor May 8 signed a law authorizing Prince George’s County or a municipal corporation in the county to create certain business improvement districts for property tax purposes. The law includes measures: 1) requiring a district corporation to provide the governing body of the county or the municipal corporation with a preliminary business improvement district tax roll within 10 calendar days after the authorization of the district; 2) requiring the governing body to impose a business improvement district tax on non-exempt property owners at a rate specified by the board of directors of the district corporation and approved by ...