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 Kraft
A BILL ENTITLED
AN ORDINANCE concerning
Title
Property Tax Credits - Energy Devices
FOR the purpose of granting a property tax credit for buildings for which certain energy devices have been installed; defining certain terms; imposing certain limitations; and generally relating to tax credits for qualifying energy devices.
Body
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
ยง 10-16. QUALIFIED ENERGY DEVICES.
(A) DEFINITIONS.
(1) IN GENERAL.
IN THIS SECTION, THE FOLLOWING TERMS HAVE THE MEANINGS INDICATED.
(2) DIRECTOR.
"DIRECTOR" MEANS THE DIRECTOR OF FINANCE OR DESIGNEE.
(3) QUALIFIED COSTS.
(I) "QUALIFIED COSTS" MEANS THE COSTS TO PURCHASE, ASSEMBLE, AND INSTALL A QUALIFIED ENERGY DEVICE.
(II) "QUALIFIED COSTS" INCLUDES COSTS OF ANY MATERIALS NEEDED FOR PURCHASE, INSTALLATION, AND CONNECTION OF THESE DEVICES.
(4) QUALIFIED ENERGY DEVICE.
(I) "QUALIFIED ENERGY DEVICE" MEANS, EXCEPT AS PROVIDED IN SUBPARAGRAPH (II) OF THIS PARAGRAPH, ANY:
(A) SOLAR PANEL THAT GENERATES ELECTRICITY FOR A BUILDING;
(B) SOLAR WATER-HEATING EQUIPMENT FOR A BUILDING; AND
(C) GE...
Click here for full text