City of Baltimore - File #: 18-0221

• File #: 18-0221
• Version: 0
• Name: Recordation and Transfer Taxes - Surtax - Dedicating Surtax Proceeds to Affordable Housing Trust Fund
• Type: Ordinance
• Status: Enacted
• File created: 4/16/2018
• In control: City Council
• Final action: 12/12/2018
• Enactment #: 18-215
• Title: Recordation and Transfer Taxes - Surtax - Dedicating Surtax Proceeds to Affordable Housing Trust Fund For the purpose of imposing a surtax on recordations subject to the recordation tax and a surtax on property transfers subject to the transfer tax; providing for an exemption from these surtaxes for certain residential properties; dedicating the proceeds from these surtaxes to the Affordable Housing Trust Fund created by City Charter Article 1, § 14; correcting, clarifying, and conforming related language; and generally relating to the City’s recordation and transfer taxes.
• Sponsors: John T. Bullock, President Young, Bill Henry, Ryan Dorsey, Kristerfer Burnett, Brandon M. Scott, Shannon Sneed, Mary Pat Clarke, Robert Stokes, Sr., Sharon Green Middleton, Zeke Cohen, Edward Reisinger, Eric T. Costello, Leon F. Pinkett, III, Isaac "Yitzy" Schleifer
• Indexes: Affordable Housing, Recordation, Surtax, Tax, Taxes, Transfer, Trust Fund

Date	Ver.	Action By	Action	Result
1/14/2019	0	Mayor	Signed by Mayor
11/19/2018	0	City Council	Recalled from the Mayor's Office
11/19/2018	0	City Council	Approved and Sent to the Mayor
10/29/2018	0	City Council	Approved and Sent to the Mayor
10/15/2018	0	City Council	3rd Reader, for final passage
10/15/2018	0	Taxation, Finance and Economic Development Committee	Recommended Favorably with Amendment
9/27/2018	0	Taxation, Finance and Economic Development Committee	Recommended Favorably with Amendment	Pass
8/6/2018	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
7/9/2018	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
4/19/2018	0	The City Council	Refer to Baltimore Development Corporation
4/19/2018	0	The City Council	Refer to Dept. of Real Estate
4/19/2018	0	The City Council	Refer to Dept. of Finance
4/19/2018	0	The City Council	Refer to Board of Estimates
4/19/2018	0	The City Council	Refer to Dept. of Planning
4/19/2018	0	The City Council	Refer to Dept. of Housing and Community Development
4/19/2018	0	The City Council	Refer to City Solicitor
4/16/2018	0	City Council	Assigned
4/16/2018	0	City Council	Introduced

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 Bullock

A Bill Entitled

An Ordinance concerning
title
Recordation and Transfer Taxes - Surtax - Dedicating Surtax Proceeds to Affordable Housing Trust Fund
For the purpose of imposing a surtax on recordations subject to the recordation tax and a surtax on property transfers subject to the transfer tax; providing for an exemption from these surtaxes for certain residential properties; dedicating the proceeds from these surtaxes to the Affordable Housing Trust Fund created by City Charter Article 1, § 14; correcting, clarifying, and conforming related language; and generally relating to the City’s recordation and transfer taxes.
body

By repealing and reordaining, with amendments
Article 28 - Taxes
Sections 16-1, 17-2(a), and 17-3(a)
Baltimore City Code
(Edition 2000)

By adding
Article 28 - Taxes
Sections 16-3 and 17-15
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 16. Recordation Tax

§ 16-1. Tax imposed.

(a) In general.

Pursuant to State Tax-Property Article § 12-103(b), the rate of tax applicable to instruments recorded with the Clerk of the Circuit Court for Baltimore City is:

(1) in the case of instruments conveying title to property[,]:

(i) $5 for each $500 or fractional part of $500 of the actual c...