City of Baltimore - File #: 08-0012R

• File #: 08-0012R
• Version: 0
• Name: Investigative Hearing - Newly Constructed Dwelling Property Tax Credit - Application Period
• Type: City Council Resolution
• Status: Withdrawn
• File created: 2/4/2008
• In control: City Council
• Final action: 1/11/2010
• Title: Investigative Hearing - Newly Constructed Dwelling Property Tax Credit - Application Period FOR the purpose of requesting the Director of Finance to review the practicality of the current time requirement for eligible homeowners to file an application for the Newly Constructed Dwelling Property Tax Credit and to report the findings of the review to the City Council within 60 days of the date this resolution is adopted.
• Sponsors: Stephanie President Rawlings-Blake, James B. Kraft, President Young, Bill Henry, Warren Branch, Helen L. Holton, Nicholas C. D'Adamo, Sharon Green Middleton, Agnes Welch, Mary Pat Clarke, Edward Reisinger, William H. Cole, IV, Rochelle Spector, Belinda Conaway
• Indexes: Application, Dwellings, Newly-constructed, Property Tax Credit, Resolution

Date	Ver.	Action By	Action	Result
1/11/2010	0	City Council	Withdrawn
4/28/2008	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
2/7/2008	0	The City Council	Referred for a Report
2/7/2008	0	The City Council	Referred for a Report
2/4/2008	0	City Council	Introduced
2/4/2008	0	City Council	Assigned

* 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 R
(Resolution)

Introduced by: President Rawlings-Blake


A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
Title
Investigative Hearing - Newly Constructed Dwelling Property Tax Credit - Application Period

FOR the purpose of requesting the Director of Finance to review the practicality of the current time requirement for eligible homeowners to file an application for the Newly Constructed Dwelling Property Tax Credit and to report the findings of the review to the City Council within 60 days of the date this resolution is adopted.
Body
Recitals

The Newly Constructed Dwelling Property Tax Credit Program, as administered by the Department of Finance, provides a 5-year City real property tax credit on newly constructed or substantially rehabbed dwellings if the property has not been previously occupied since its construction or rehabilitation, contains no more than 4 dwelling units, and has been cited as being vacant and abandoned for more than 1 year or been owned by the Mayor and City Council for 1 year and in need of substantial repair to comply with applicable City codes. The credit applies to newly constructed dwellings for which building permits were issued on or after October 1, 1994, is non-transferable, and only applies if the owner is the first party to purchase the newly constructed dwelling after its completion.

In order to receive the tax credit, the owner of an eligible property must obtain a reassessment of that ...