Property Tax Credit - Urban Agricultural Property - Alterations

This bill modifies Maryland's property tax credit program for urban agricultural property by updating eligibility requirements and adding transparency measures for local governments. It defines urban agricultural property as land not assessed as agricultural land that is used for activities like crop production, beekeeping, composting, environmental mitigation, community development, and agritourism. The legislation requires jurisdictions offering the tax credit to notify the public at least one year before terminating the credit and provide an opportunity for public comment and appeal. Local governments retain the authority to set specific credit amounts, establish additional eligibility criteria, and prioritize renewals based on their own priorities. The changes take effect on June 1, 2025, and apply to taxable years beginning after that date.