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 - Senior Citizens Tax Credits
FOR the purpose of establishing a tax credit for certain senior citizens under certain conditions; setting the terms, conditions, and duration of the credit; providing for the administration of the credit; and generally relating to property tax credits.
Body
BY adding
Article 28 - Taxes
Section(s) 10-16
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
§ 10-16. SENIOR CITIZENS.
(A) DEFINITIONS.
(1) IN GENERAL.
IN THIS SECTION, THE FOLLOWING TERMS HAVE THE MEANINGS INDICATED.
(2) BASELINE YEAR.
"BASELINE YEAR" MEANS THE TAXABLE YEAR PRECEDING THE FIRST OF THE CONTINUOUS SERIES OF TAXABLE YEARS FOR WHICH A TAXPAYER RECEIVES A CREDIT UNDER THIS SECTION.
(3) COMBINED INCOME.
(I) "COMBINED INCOME" MEANS THE AGGREGATE GROSS INCOME OF ALL INDIVIDUALS, OTHER THAN AS SPECIFIED IN SUBPARAGRAPH (II) OF THIS PARAGRAPH, WHO RESIDE IN A DWELLING
(II) "COMBINED INCOME" DOES NOT INCLUDE THE INCOME OF:
A. A DEPENDENT OF THE HOMEOWNER, AS PROVIDED IN § 152 OF THE INTERNAL REVENUE CODE; OR
B. SOMEONE WHO PAYS A REASONABLE AMOUNT FOR RENT OR FOR RO...
Click here for full text