Maryland § 7-204.2 - IN EFFECT
Full text of Maryland Maryland Code § 7-204.2 — IN EFFECT, with citation guidance and answers to common questions.
§ 7-204.2. IN EFFECT
IN EFFECT
// EFFECTIVE UNTIL DECEMBER 31, 2026 PER CHAPTERS 229 AND 230 OF 2023 //
(a) A person who applies for an exemption under § 7–202 or § 7–204 of this subtitle for real property in Baltimore City may request that the exemption be applied retroactively for a period of up to 3 taxable years, ending with the taxable year in which the application is filed.
(b) Subject to subsection (c) of this section and notwithstanding any other provision of this article:
(1) the Department shall grant an exemption for all eligible taxable years to a person who requests a retroactive exemption under this section; and
(2) Baltimore City and the State shall pay a refund to the person for any excess taxes paid due to a retroactive exemption granted under this section.
(c) A retroactive exemption granted by the Department under this section:
(1) is subject to the review and approval of the Baltimore City Solicitor and Baltimore City Department of Finance; and
(2) may be granted only on a showing of good cause as to why the exemption was not applied for in a timely manner.
(d) On or before December 1, 2023, and each December 1 through December 1, 2027, the Baltimore City Department of Finance shall submit to the Governor and, in accordance with § 2–1257 of the State Government Article, the General Assembly a report that indicates:
(1) the number of requests for a retroactive exemption under this section that the Baltimore City Department of Finance received and approved during the immediately preceding year; and
(2) any amounts refunded for a retroactive exemption under this section.
Frequently Asked Questions About Maryland § 7-204.2
What does Maryland Code § 7-204.2 cover?
Section 7-204.2 ("IN EFFECT") is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 7-204.2?
A common citation format is "Maryland Code § 7-204.2" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 7-204.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.