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 Ramos
A Bill Entitled
An Ordinance concerning
title
High-Performance Inclusionary Housing Tax Credit
For the purpose of establishing a High-Performance Inclusionary Housing Tax Credit; providing for the eligibility criteria of the tax credit; establishing the amount of the tax credit; requiring a certain annual report; defining certain terms; and generally relating to the High-Performance Inclusionary Housing Tax Credit.
body
By authority of
Tax - Property Article
Section 9-242
Annotated Code of Maryland
By repealing and re-ordaining, with amendments,
Article 28 - Taxes
Section 10-18(h)
Baltimore City Code
(Edition 2000)
By adding
Article 28 - Taxes
Section 10-18.2
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 10-18. High-performance market-rate rental housing - Citywide.
(h) No tax subsidy duplication allowed.
Except for the Maryland State Enterprise Zone Tax Credit Program and the
High-Performance Inclusionary Housing Tax Credit, the tax credit authorized by this section does not apply to any property for which any other tax subsidy from the City, whether in the form of a tax credit, payment in lieu of taxes, tax increm...
Click here for full text