Baltimore City Council
File #: 23-0453    Version: 0 Name: Tax Credit - Brownfields Incentive Program - Termination of Program Participation
Type: Ordinance Status: Withdrawn
File created: 11/20/2023 In control: Baltimore City Council
On agenda: Final action: 6/24/2024
Enactment #:
Title: Tax Credit - Brownfields Incentive Program - Termination of Program Participation For the purpose of winding down the City of Baltimore’s participation in the Brownfields Incentive Program; and providing for a special effective date.
Sponsors: Odette Ramos
Indexes: Incentives, Tax Credits
Attachments: 1. 23-0453~1st Reader, 2. Law 23-0453

Explanation: Capitals indicate matter added to existing law.

[Brackets] indicate matter deleted from existing law.

 

                     * Warning: This is an unofficial, introductory copy of the bill.

                     The official copy considered by the City Council is the first reader copy.

                     Introductory*

 

                     City of Baltimore

                     Council Bill          

                                                                                                                                                           

Introduced by: Councilmember Ramos

                                                                                                                                                           

 

                     A Bill Entitled

 

An Ordinance concerning

title

Tax Credit - Brownfields Incentive Program - Termination of Program Participation

For the purpose of winding down the City of Baltimore’s participation in the Brownfields Incentive Program; and providing for a special effective date.

body

By repealing and re-ordaining, with amendments

Article 28 - Taxes

Section 10-10(b)

Baltimore City Code

(Edition 2000)

 

By adding

Article 28 - Taxes

Section 10-10(k)

Baltimore City Code

(Edition 2000)

 

Section 1.  Be it ordained by the Mayor and City Council of Baltimore, That the Laws of Baltimore City read as follows:

 

                     Baltimore City Code

 

                     Article 28.  Taxes

 

                     Subtitle 10.  Credits

 

§ 10-10.  Brownfields.

 

(b)  Election to participate in Program.

 

Pursuant to § 9-229 of the State Tax-Property Article and subject to subsection (k) {“Termination of program participation”} of this section, the City of Baltimore elects to participate in the Brownfields Incentive Program and to provide the tax credits authorized by this section.

 

 

(k)  Termination of program participation.

 

(1)  In general.

 

Except as provided in paragraph (2) of this subsection, applications for the credit authorized by this section may not be accepted after December 31, 2024.

 

(2) Pending projects.

 

The Department of Finance shall accept an application for a credit under this section if the underlying project:

 

(i)                     has submitted an application with the Maryland Department of the Environment before December 31, 2024; and

 

(ii)  has received certification for completing the voluntary cleanup no more than 60 days after June 30, 2025.

 

Section 2.  And be it further ordained, That this Ordinance takes effect on the date it is enacted.