The Maryland Governor signed a law that includes: 1) expanding the definition of “urban agricultural purposes” for certain property tax credit eligibility; 2) changing the definition of “urban agricultural property” for certain property tax credit eligibility, by replacing an acreage and location requirement with the requirement that property not be assessed as specified agricultural land; and 3) requiring at least one year notice and an opportunity for comment and appeal for any jurisdiction that determines the urban agricultural purposes tax credit is ineffective and seeks to terminate the credit. The law takes effect on June 1, and is applicable to ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.