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 Kraft
A BILL ENTITLED
AN ORDINANCE concerning
Title
Property Tax Credits - Homestead Property - Increased Credit for Elderly or Disabled Homeowners
FOR the purpose of increasing the property tax credit for homestead property owned by elderly or disabled homeowners; defining certain terms; correcting certain language; and providing for a special effective date.
Body
BY repealing and reordaining, with amendments
Article 28 - Taxes
Section(s) 10-1
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
§ 10-1. Homestead property.
(A) IN GENERAL.
Pursuant to the [authorization contained in] AUTHORITY OF State Tax-Property Article § 9-105, for [the] ALL taxable [year] YEARS beginning ON OR AFTER July 1, [1993] 2007, the homestead credit percentage for the City property tax is [104%] AS SPECIFIED IN THIS SECTION.
(B) BASIC PERCENTAGE.
EXCEPT FOR HOMEOWNERS WHO MEET THE REQUIREMENTS OF SUBSECTION (C) OF THIS SECTION, THE HOMESTEAD CREDIT PERCENTAGE IS 104%.
(C) AGED OR DISABLED HOMEOWNERS.
(1) THE HOMESTEAD CREDIT PERCENTAGE IS 102% IF THE HOMEOWNER QUALIFYING FOR THE HOMESTEAD TAX CREDIT IS:
(I) 70 YEARS OLD OR OLDER; OR
(II) PERMANENTLY AND T...
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