Md. Code, Tax - Property § 9-256

(a) (1) In this section, “qualifying investment” means the cost of installation or rehabilitation of building features for the purpose of bringing an existing commercial structure into compliance with current building codes relating to safety or accessibility.

(2) “Qualifying investment” includes costs incurred for:

(i) elevators;

(ii) fire suppression systems;

(iii) means of ingress or egress; or

(iv) architectural or engineering services related to installation or rehabilitation of these or similar building features.

(b) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may grant, by law, a property tax credit under this section against the county or municipal corporation property tax imposed on an existing commercial structure in which a qualifying investment is made for the purpose of allowing for adaptive reuse of the structure.

(c) The tax credit under this section may:

(1) not exceed 50% of the amount of qualifying investment in a structure; and

(2) be granted for up to a 10–year period in an equal amount each year.

(d) The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may provide, by law, for:

(1) the maximum amount of the tax credit that may be provided to a single recipient or all recipients in a taxable year;

(2) additional eligibility criteria for the tax credit;

(3) regulations and procedures for the application and uniform processing of requests for the tax credit; and

(4) any other provision necessary to carry out the tax credit.