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 ...
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