Property Tax Credits - Public School Employees, Health and Safety Improvements, and Property Used for Local Housing Programs

This bill authorizes local governments in Maryland, such as Baltimore City or county councils, to offer property tax credits to three specific groups. First, it allows tax credits for public school employees who use their primary residence as their home. Second, it permits credits for owners of apartment or condominium buildings who make health and safety improvements after July 1, 2024. Third, it enables credits for buildings used for local housing programs that assist homeless individuals or families starting on or after July 1, 2024. While the state law sets the framework, each local government must pass its own specific rules to determine the exact amount, duration, and additional requirements for these credits. The changes are designed to take effect for tax years beginning after June 30, 2024.