Baltimore now offers personal property tax credit to grocery stores locating or making significant renovations within targeted areas in the City. Lack of access to healthy food choices contributes to disparities in life expectancy, which can differ up to 18 years. In addition, quality supermarkets often serve as a catalyst for increased economic development in the community.
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Qualifications
- Must be located in the grocery store incentive area - For newly constructed store, must have expended on new personal property an amount equal to or greater than $150,000 or $25 per square foot - For newly renovated stores, have expended on new personal property an amount based on total floor space as follows: - 20,000 square feet or less, at least $5 per square foot - More than 20,000 square feet up to an including 45,000 square feet, at least $8 per square foot - More than 45,000 square feet, at least $10 per square foot - Must have at least 500 square feet dedicated to the sale of fruits and vegetables - Must have at least 500 square feet dedicated to the sale of other perishable goods including meat, seafood and dairy products