Special Tax Breaks From Annapolis

Somerset County

Senate Bill 468/House Bill 591 (both passed) authorize Somerset County to grant a
property tax credit for real property that is not eligible for the homestead property tax credit and for which the current year’s taxable assessment exceeds the prior year’s taxable assessment by more than 20 percent.

Worcester County

Legislation was introduced to allow Worcester County and Ocean City to provide
property tax credits for amusement parks in Ocean City. Senate Bill 999/House Bill 1572 (both passed) authorize Worcester County or a municipality in Worcester County to grant, by law, a property tax credit for
•real property known as the Ocean City Amusement and Fishing Pier; and
•real property consisting of at least 30 acres located in Ocean City on or west of Route 528 and used exclusively for the operation of an amusement park.

Senate Bill 816/House Bill 1151 (both passed) authorize Worcester County or a municipality in Worcester County to grant, by law, a property tax credit for real property used as an historically operated amusement park.