Wicomico County - Property Tax Credit - Salisbury Neighborhood Housing Services, Inc.

Tax break for Salisbury Neighborhood Housing Services

Wicomico County or its cities can pass a local law to give a property tax credit to Salisbury Neighborhood Housing Services. The credit can only cover property the nonprofit owns that is used for development or rehab and then transfer to a private owner. The property must be planned for near-term transfer and cannot be the group’s offices or warehouses. Local leaders set the credit amount, terms, scope, and how long it lasts. If a credit is granted, the nonprofit must file a written report each year listing all of its properties and all deals in that jurisdiction. The law takes effect June 1, 2026, and applies to taxable years beginning after June 30, 2026.