City of Baltimore - File #: 15-0585

• File #: 15-0585
• Version: 0
• Name: Tax Credits - Historic Properties
• Type: Ordinance
• Status: Enacted
• File created: 11/2/2015
• In control: City Council
• Final action: 2/26/2016
• Enactment #: 16-454
• Title: Tax Credits - Historic Properties FOR the purpose of extending the period within which applications may be accepted for an historic improvement tax credit; clarifying the definition of "eligible improvements"; restating the purpose and goal of this credit; modifying certain criteria for a credit limitation imposed on development projects that exceed a certain amount in construction costs; modifying certain procedures for adopting rules and regulations governing the credit; providing for a special effective date; and generally relating to the property tax credit for improvements, restorations, and rehabilitations to historic properties.
• Sponsors: City Council President (Administration)
• Indexes: Historic, Properties, Tax Credits

Date	Ver.	Action By	Action	Result
2/29/2016	0	Mayor	Signed by Mayor
2/22/2016	0	City Council	Approved and Sent to the Mayor
2/8/2016	0	City Council	3rd Reader, for final passage
2/8/2016	0	Taxation, Finance and Economic Development Committee	Recommended Favorably with Amendment
2/4/2016	0	Taxation, Finance and Economic Development Committee	Recommended Favorably with Amendment	Pass
1/26/2016	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
12/10/2015	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
11/5/2015	0	The City Council	Refer to Dept. of Finance
11/5/2015	0	The City Council	Refer to Board of Estimates
11/5/2015	0	The City Council	Refer to Commission for Historical & Architectural Preservation
11/5/2015	0	The City Council	Refer to Dept. of Planning
11/5/2015	0	The City Council	Refer to Dept. of Real Estate
11/5/2015	0	The City Council	Refer to City Solicitor
11/5/2015	0	The City Council	Refer to Dept. of Housing and Community Development
11/2/2015	0	City Council	Assigned
11/2/2015	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: The Council President
At the request of: The Administration (Planning Department)

A BILL ENTITLED

AN ORDINANCE concerning
title
Tax Credits - Historic Properties
FOR the purpose of extending the period within which applications may be accepted for an historic improvement tax credit; clarifying the definition of "eligible improvements"; restating the purpose and goal of this credit; modifying certain criteria for a credit limitation imposed on development projects that exceed a certain amount in construction costs; modifying certain procedures for adopting rules and regulations governing the credit; providing for a special effective date; and generally relating to the property tax credit for improvements, restorations, and rehabilitations to historic properties.
body

BY repealing and reordaining, with amendments
Article 28 - Taxes
Section 10-8(a)(3), (b), (f)(1) and (2), and (m)
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

? 10-8. Historic improvements, restorations, and rehabilitations.

(a) Definitions.

(3) Eligible improvements.

?Eligible improvements? means significant improvements to an historic property THAT HAVE BEEN APPROVED BY CHAP AS MEETING LOCAL PRESERVATION STANDARDS.



(b) Program goal.

The go...