Baltimore City Council
File #: 17-0030    Version: 0 Name: Tax Credits - Citywide High-Performance Market-Rate Rental Housing -Extension of Eligibility
Type: Ordinance Status: Enacted
File created: 3/6/2017 In control: City Council
On agenda: Final action: 6/13/2017
Enactment #: 17-022
Title: Tax Credits - Citywide High-Performance Market-Rate Rental Housing -Extension of Eligibility For the purpose of extending the date for termination of the tax-credit program for certain newly constructed or converted market-rate rental housing projects; conforming and correcting related provisions; and generally relating to property tax credits.
Sponsors: President Young, Sharon Green Middleton, Brandon M. Scott, Eric T. Costello, John T. Bullock, Leon F. Pinkett, III, Bill Henry, Zeke Cohen, Robert Stokes, Sr., Mary Pat Clarke, Isaac "Yitzy" Schleifer, Edward Reisinger
Indexes: Rental Housing, Tax Credits
Attachments: 1. 17-0030~1st Reader, 2. Planning 17-0030, 3. BDC 17-0030, 4. Law 17-0030, 5. HCD 17-0030, 6. Real Estate 17-0030, 7. Finance 17-0030, 8. 17-0030~3rd Reader, 9. Completed Legislative File 17-0030
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
6/19/20170 Mayor Signed by Mayor  Action details Meeting details Not available
6/5/20170 City Council Approved and Sent to the Mayor  Action details Meeting details Not available
5/15/20170 City Council 3rd Reader, for final passage  Action details Meeting details Not available
5/15/20170 Taxation, Finance and Economic Development Committee Recommended Favorably  Action details Meeting details Not available
5/11/20170 Taxation, Finance and Economic Development Committee Recommended FavorablyPass Action details Meeting details Not available
4/24/20170 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
3/9/20170 The City Council Refer to Dept. of Real Estate  Action details Meeting details Not available
3/9/20170 The City Council Refer to Dept. of Finance  Action details Meeting details Not available
3/9/20170 The City Council Refer to Baltimore Development Corporation  Action details Meeting details Not available
3/9/20170 The City Council Refer to Dept. of Planning  Action details Meeting details Not available
3/9/20170 The City Council Refer to Dept. of Housing and Community Development  Action details Meeting details Not available
3/9/20170 The City Council Refer to City Solicitor  Action details Meeting details Not available
3/6/20170 City Council Assigned  Action details Meeting details Not available
3/6/20170 City Council Introduced  Action details Meeting details Not available

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:  President Young                                                                                                       

 

                     A Bill Entitled

 

An Ordinance concerning

title

Tax Credits - Citywide High-Performance Market-Rate Rental Housing -Extension of Eligibility

For the purpose of extending the date for termination of the tax-credit program for certain newly constructed or converted market-rate rental housing projects; conforming and correcting related provisions; and generally relating to property tax credits.

body

 

By repealing and reordaining, with amendments

Article 28 - Taxes

Section 10-18(a)(4) and (l)

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

 

§ 10-18.  High-performance market-rate rental housing - Citywide.

 

(a)  Definitions.

 

(4)  Newly constructed or converted.

 

“Newly constructed or converted” means a high-performance market-rate rental housing project [that]:

 

(i)                     [was] that is either:

 

(A) newly constructed on a vacant lot, cleared site, or parking lot;

 

 

(B) converted from a non-residential use; or

 

(C) a wholly renovated structure; and

 

(ii)                     for which:

 

(A) the cost of the construction or conversion exceeds $60,000 per rental unit; and

 

(B) a first occupancy permit following substantial completion of the construction or conversion is issued after January 1, 2014, and on or before June 30, [2019] 2024.

 

(l)  Termination of program.

 

Applications for the credit may not be accepted after December 31, [2017] 2022.

 

Section 2.  And be it further ordained, That the catchlines contained in this Ordinance are not law and may not be considered to have been enacted as a part of this or any prior Ordinance.

 

Section 3.  And be it further ordained, That this Ordinance takes effect on the 30th day after the date it is enacted.