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 Reisinger
A BILL ENTITLED
AN ORDINANCE concerning
Title
Property Tax Credits - Newly Constructed Dwellings
FOR the purpose of extending the time for filing applications for a credit against the tax imposed on newly constructed dwellings; providing a grace period for certain dwellings previously purchased; repealing an obsolete provision; and generally relating to property tax credits for newly constructed dwellings.
Body
BY repealing and reordaining, with amendments
Article 28 - Taxes
Section(s) 10-5(c) and (d)
Baltimore City Code
(Edition 2000)
BY repealing
Article 28 - Taxes
Section(s) 10-5(e)
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 10-5. Newly constructed dwellings.
(c) Qualifications.
The owner of a newly constructed dwelling may qualify for the tax credit authorized by this section by:
(1) purchasing a newly constructed dwelling;
(2) occupying that dwelling as his or her principal residence;
(3) filing an application for the credit no later than [90 days] 1 YEAR after settling on the purchase of the dwelling;
(4) for each taxable year for which the credit is sought, filing a state income tax return as a resident of Baltimo...
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