Establishes tax credit for grocery stores in underserved areas, including criteria to get the tax credit, which reduces property tax by 75%; limits it to 10 years; provides for earlier termination if store ceases to operate.
Targets economically disadvantaged or underserved area in Prince George's County, including food deserts (§ 10-310(a)(3)).
Food desert; also targets stores that sell fresh produce, meats and dairy products. (§ 10-310(a)(1), (3)).
Provides tax credit to encourage new stores; applies to economically disadvantaged and underserved areas. (§ 10-311).
Part of Finance and Taxation subtitle 10; Division 23--Grocery Store Tax Credit. History: CB-18-2014.