Charles County, MD
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2023-04-25
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Division 2: Code of Ordinances and Resolutions
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Part II: General Legislation
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Chapter 281 Taxation
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Article IX Recordation Tax Credits
- Division 1: Code of Public Local Laws
- Ch 1 General Provisions
- Ch 4 (Reserved)
- Ch 5 Artificial Tanning Devices
- Ch 8 Bond Sales
- Ch 10 (Reserved)
- Ch 13 (Reserved)
- Ch 15 Building Code
- Ch 17 Building Projects
- Ch 21 Circuit Court
- Ch 24 Code Supplements
- Ch 27 Commissioners, County
- Ch 30 (Reserved)
- Ch 34 Dredging Operations
- Ch 37 Elderly Care Homes
- Ch 38 Election Districts
- Ch 41 Electrical Apparatus and Wiring
- Ch 44 (Reserved)
- Ch 45 False Alarms
- Ch 48 Fiscal and Administrative Services, Department of
- Ch 51 Firearms
- Ch 54 Volunteer Fire Companies, Rescue Squads, Mobile Intensive Care Units and Dive Rescue Units
- Ch 58 Garbage
- Ch 62 Heritage Commission
- Ch 64 Housing Cooperatives
- Ch 67 Hucksters
- Ch 69 Human Relations Commission
- Ch 70 Human Resources Committee
- Ch 72 Hunting
- Ch 75 Landings, Public
- Ch 77 Land Records
- Ch 79 Massage Establishments
- Ch 80 Medical Treatment and Facilities
- Ch 81 Minimum Livability Code
- Ch 85 Nuisances; Public Health
- Ch 87 Officers and Employees
- Ch 90 (Reserved)
- Ch 97 Planning and Growth Management, Department of; Facilities, Department of
- Ch 100 Right to Farm
- Ch 104 Roads and Bridges
- Ch 108 (Reserved)
- Ch 111 (Reserved)
- Ch 114 Scholarships
- Ch 116 Schools
- Ch 119 Self-Liquidating Projects
- Ch 122 Sewers and Drainage Systems
- Ch 125 Sheriff
- Ch 127 Smoking and Tobacco Products
- Ch 130 Trailers and Trailer Parks
- Ch 133 Trash Disposal
- Ch 136 (Reserved)
- Ch 140 Women's Commission
- Ch 145 Zoning
- Division 2: Code of Ordinances and Resolutions
- Part I: Administrative Legislation
- Ch 147 Advocacy Council for Children, Youth and Families
- Ch 148 Affirmative Action
- Ch 150 Appeals, Board of
- Ch 153 (Reserved)
- Ch 158 Clean Energy Loan Program
- Ch 162 Deferred Compensation Program
- Ch 164 Drug Enforcement and Education Special Reserve Fund
- Ch 166 Education Reimbursement Guidelines
- Ch 170 Ethics, Code of
- Ch 175 Grants
- Ch 178 Housing Authority Board
- Ch 180 (Reserved)
- Ch 185 Liability Indemnification
- Ch 187 Mental Health Services
- Ch 189 (Reserved)
- Ch 190 Nursing Scholarship Program
- Ch 192 Occupational Safety and Health
- Ch 197 Personnel Regulations
- Ch 200 Planning Commission
- Ch 203 Purchasing Procedures
- Ch 208 School Crossing Guards
- Ch 209 (Reserved)
- Ch 210 Sheriff's Office
- Ch 211 Substance Abuse Advisory Council
- Part II: General Legislation
- Ch 215 Agricultural Preservation Districts
- Ch 216 Alarm Systems
- Ch 218 Ambulances, Private
- Ch 224 Building Construction
- Ch 226 Cable Communications
- Ch 227 Car Sales
- Ch 228 Contractors
- Ch 230 Dogs and Other Animals
- Ch 234 Electrical Standards
- Ch 235 Farming
- Ch 236 Fees
- Ch 238 Flood Damage Control
- Ch 240 Gambling Permits
- Ch 241 Gas Standards
- Ch 244 Grading and Sedimentation Control
- Ch 245 Hazardous Materials
- Ch 247 Homeowners' Associations
- Ch 249 Impact Fees
- Ch 252 Land Use
- Ch 254 Landfills
- Ch 257 Mobile Homes and Mobile Home Courts
- Ch 260 Noise Control
- Ch 265 Real Property Transactions
- Ch 269 Scrap Metal Processors
- Ch 271 Senior Citizens Clubs
- Ch 274 Stormwater Management
- Ch 275 Watershed Protection and Restoration Program
- Ch 276 Streets, Roads and Sidewalks
- Ch 278 Subdivision Regulations
- Ch 281 Taxation
- Ch 281 Art IX Recordation Tax Credits
- § 281-28 Relocating, new or expanding business.
- Ch 283 Telephone Access to 911 Emergency Assistance
- Ch 284 (Reserved)
- Ch 287 Vehicles and Traffic
- Ch 291 Water and Sewers
- Ch 295 Disposable Products
- Ch 297 Zoning Regulations
- Ch 298 Forest Conservation
- Ch 299 Resilience Authority
- Disposition List
- Ch DL Disposition List
[Adopted 7-22-2014 by Bill No. 2014-05]
A.
Pursuant to the authority set forth in § 12-115, Maryland
tax property code annotated, to encourage the further development
of the business base in Charles County, the governing body of Charles
County may grant, by law, a recordation tax credit, in whole or in
part, against the recordation tax imposed on an instrument of writing
which transfers property in Charles County to targeted businesses
relocating, expanding or undertaking new construction.
B.
To be eligible for the recordation tax credit, the business entity
shall:
(1)
Be engaged as its primary business in research and development, technology,
manufacturing, distribution, professional services, defense/federal
contracting, bio-technology, information technology, or upscale retail
activities, or any other industry sector targeted by the Economic
Development Department and approved by the County Commissioners by
resolution from time to time;
(2)
Be recommended for same by the Director of Economic Development pursuant
to terms satisfactory to the Director and the County Commissioners
specifying the investment and projected jobs to be undertaken, created
or retained by the business entity, and timeline for accomplishing
such;
(3)
Provide information satisfactory to the Director to demonstrate a
substantial positive economic and fiscal impact on the county;
(4)
Maintain at least 10 or more new permanent full-time positions throughout the duration set forth in Subsection B(2) above, or make a capital investment sufficient to yield a substantial increase in annual commercial tax revenue; and
(5)
Demonstrate to the satisfaction of the Director current average and
projected annual employee earnings in excess of median County earnings.
C.
The amount of the tax credit shall be determined considering the
needs of the business entity, other incentives offered to the business
entity by the County and State of Maryland, and potential competition
and incentives being considered from other jurisdictions.
D.
The recordation tax credit granted under this section shall not apply
to any entity or project receiving a fifty-percent state electricity
generation assessment of operating property exemption, or that is
the subject of a payment in lieu of taxes agreement with the County.
E.
A recordation tax credit granted by the County is not a real property
tax credit.
F.
The recordation tax credit shall be applicable to recordation taxes
imposed on transactions after June 30, 2014.
G.
The recordation tax credit shall be administered by the Director
of Fiscal and Administrative Services, who may adopt rules and regulations
necessary to provide for the orderly and systematic implementation
of the recordation tax credit.
