City of Baltimore - File #: 12-0040

• File #: 12-0040
• Version: 0
• Name: Targeted Homeowner’s Tax Credit - Tax Credit Disclosures
• Type: Ordinance
• Status: Enacted
• File created: 3/19/2012
• In control: City Council
• Final action: 5/3/2012
• Enactment #: 12-09
• Title: Targeted Homeowner’s Tax Credit - Tax Credit Disclosures FOR the purpose of providing a property tax credit calculated on the improved portion of certain owner-occupied property; imposing certain limitations, conditions, and qualifications; providing for the administration of the credit; requiring certain tax credit disclosures to be made to buyers of residential real property; imposing penalties for failure to disclose; providing for a special effective date; and generally relating to property tax credits.
• Sponsors: City Council President (Administration)
• Indexes: Disclosures, Homeowners Tax Credit, Tax Credits

Date	Ver.	Action By	Action	Result
5/3/2012	0	Mayor	Signed by Mayor
4/30/2012	0	City Council	Approved and Sent to the Mayor
4/23/2012	0	City Council	Amended
4/23/2012	0	City Council	Advanced to Enrolled 3rd Reader
4/16/2012	0	Committee of the Whole	Recommended Favorably
4/16/2012	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
3/22/2012	0	The City Council	Referred for a Report
3/22/2012	0	The City Council	Referred for a Report
3/19/2012	0	City Council	Introduced
3/19/2012	0	City Council	Assigned
3/19/2012	0	Committee of the Whole	Scheduled for a Public Hearing

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: The Council President
At the request of: The Administration (Department of Finance)

A BILL ENTITLED

AN ORDINANCE concerning
title
Targeted Homeowner’s Tax Credit - Tax Credit Disclosures

FOR the purpose of providing a property tax credit calculated on the improved portion of certain owner-occupied property; imposing certain limitations, conditions, and qualifications; providing for the administration of the credit; requiring certain tax credit disclosures to be made to buyers of residential real property; imposing penalties for failure to disclose; providing for a special effective date; and generally relating to property tax credits.
body

BY authority of
Article - Tax-Property
Section(s) 9-221
Annotated Code of Maryland

BY adding
Article 28 - Taxes
Section(s) 10-16
Baltimore City Code
(Edition 2000)

BY adding
Article 2 - Consumer Protections
Section(s) 14-7
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. TARGETED HOMEOWNER’S TAX CREDIT.

(A) CREDIT GRANTED.

IN ACCORDANCE WITH STATE TAX-PROPERTY ARTICLE § 9-221, A TARGETED HOMEOWNER’S TAX CREDIT IS GRANTED AGAINST THE CITY PROPERTY TAX IMPOSED ON OWNER-OCCUPIED PROPERTY THAT HAS QUALIFIED F...