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 Branch
At the request of: Charm City Land Trusts, Inc.
Address: c/o Michael Li or Joseph Stocks, 600 North Port Street, Baltimore, Maryland 21205
Telephone: 410-837-5713
A BILL ENTITLED
AN ORDINANCE concerning
title
Tax Credit - Conservation Land
FOR the purpose of providing a real property tax credit for certain conservation land; providing for the amount and duration of the credit; defining certain terms; and generally relating to property tax credits.
body
BY authority of
Article - Tax-Property
Section(s) 9-220
Annotated Code of Maryland
BY adding
Article 28 - Taxes
Section(s) 10-16
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
§ 10-16. CONSERVATION LAND.
(A) DEFINITIONS.
(1) IN GENERAL.
IN THIS SECTION, THE FOLLOWING TERMS HAVE THE MEANINGS INDICATED.
(2) CONSERVATION LAND.
“CONSERVATION LAND” HAS THE MEANING STATED IN STATE TAXPROPERTY ARTICLE § 9220.
(3) DIRECTOR.
“DIRECTOR” MEANS THE DIRECTOR OF FINANCE OR THE DIRECTOR’S DESIGNEE.
(4) LAND TRUST.
“LAND TRUST” HAS THE MEANING STATED IN STATE TAXPROPERTY ARTICLE § 9220.
(B) CRE...
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