Property Tax - Tax Credit for Nonprimary Residence

SB 822 creates a property tax credit for state, county, and municipal taxes on nonprimary residences in Maryland. It directly affects homeowners who own a secondary home (not used as their main residence for fewer than six months annually) and meet specific occupancy rules, excluding rental or investment properties. Key provisions require local governments (like Baltimore City Council or county councils) to set a credit percentage by law, and homeowners must apply annually by June 30 to qualify. The credit applies to property taxes paid on qualifying secondary homes, including certain agricultural properties owned through specific entities. This bill establishes a new tax credit mechanism without changing tax rates or assessments.