Prince George's County - Property Tax Credit for Grocery Stores - Alterations

SB 1042 requires Prince George's County's governing body to *mandate* a property tax credit for eligible grocery stores, replacing the previous optional authorization. It directly affects grocery stores meeting specific criteria: those located in designated "healthy food priority areas" and completing "eligible construction" (new stores or major renovations), with at least 50% of sales and floor space dedicated to food. The bill mandates the county to define these priority areas based on factors like fresh food availability, resident income, transportation access, and public transit options. The tax credit cannot exceed the store's annual property tax on personal property, and the county may set additional limits or requirements.