Carroll County - Green Building Property Tax Credit (Maryland)

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Summary

Last modified on December 6, 2012.

Financial Incentive Program

Place Maryland

Name Carroll County - Green Building Property Tax Credit
Incentive Type Property Tax Incentive
Applicable Sector Commercial, Industrial
Eligible Technologies Comprehensive Measures/Whole Building, Biomass, Daylighting, Geothermal Heat Pumps, Passive Solar Space Heat, Photovoltaics, Small Hydroelectric, Solar Space Heat, Solar Water Heat, Wind
Active Incentive Yes

Implementing Sector Local
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount 25% to 75% property tax credit for 5 years; tax credit level varies by certification rating






Equipment Requirements Building must be certified at LEED Silver or higher; two Green Globes or higher under the Green Globes rating system; or a county recognized equivalent program
Start Date 05/05/2009







Maximum Incentive None specified










Program Administrator Carroll County Government
Website http://www.carrollbiz.org/businessassistance/financing.php
Date added to DSIRE 2009-07-24
Last DSIRE Review 07/23/2012
Last Substantive Modification
to Summary by DSIRE
07/25/2011


References DSIRE[1]


Summary

The state of Maryland permits Carroll County (Md Code: Property Tax § 9-308(e)) to offer property tax credits for high performance buildings if it chooses to do so.* Carroll County has exercised this option by offering property tax credits on buildings used for business, commercial, or industrial purposes that meet certain green building standards. The tax credits apply to green buildings that meet the requisite standards and are certified as such after May 5, 2009. The tax credit sunsets June 30, 2014 and no new credits will be issued after this date.

The tax credit uses the U.S. Green Building Council's LEED rating system and the Green Building Institute's Green Globe rating system as a metric for determining how "green"' a building is. Buildings must receive a minimum LEED Silver or two Green Globes certification in order to be eligible for any tax credit. An equivalent certification under a county recognized system may also be used to qualify for the property tax credit. The property tax credit is determined as a percentage of county property taxes levied against the improved real property, and may be claimed for five consecutive years. Tax credit levels are as follows:

  • 25% for LEED Silver or equivalent
  • 50% for LEED Gold or equivalent
  • 75% for LEED Platinum or equivalent

No limitations on credit amounts per building or in aggregate are contained in the county legislation. Tax credit applications must be filed on or before May 1 of the year immediately preceding the taxable year for which the tax credit is sought. The tax credit program is administered by the Department of Economic Development, Department of Management and Budget, Department of the Comptroller, and Department of Planning.


*The state authorization contained in Md Code: Property Tax § 9-308(e) applies specifically to Carroll County. Several other counties in Maryland have adopted property tax credits for high performance buildings under another more generally applicable portion of the state code which makes a similar allowance (Md Code: Property Tax § 9-242).


Incentive Contact

Contact Name Business Information
Department Carroll County Department of Economic Development

Address 225 N. Center St., Suite 101

Place Westminster, Maryland
Zip/Postal Code 21157
Phone (410) 386-2070


Email info@carrollbiz.org
Website http://www.carrollbiz.org/
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Carroll County Code § 209.41 et seq.
Date Effective 05/05/2009
Date Enacted 04/30/2009
Expiration Date 06/30/2014

















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"