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 Henry
A BILL ENTITLED
AN ORDINANCE concerning
title
Newly Constructed Dwellings - Property Tax Credit - Reauthorization
FOR the purpose of reauthorizing and extending for a certain period the property tax credit for newly constructed dwellings; and generally relating to a property tax credit for newly constructed dwellings.
body
BY authority of
Article - Tax-Property
Section 9-304(d)
Annotated Code of Maryland
(As amended by Chapter ___ (SB 267/HB 314), Acts of 2014)
BY repealing and reordaining with amendments
Article 28 - Taxes
Section(s) 10-5(i)
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
§ 105. Newly constructed dwellings.
(i) Termination of program.
(1) After June 30, [2014] 2019, additional owners of newly constructed dwellings may not be granted a credit under this section.
(2) This subsection does not apply to an owner’s continuing receipt of a credit as allowed in subsection (d) with respect to a property for which a tax credit under this section was received for a taxable year ending on or before June 30, [2014] 2019.
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