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 (Comm'n for Historical and Architectural Preservation)
A BILL ENTITLED
AN ORDINANCE concerning
Title
Historic Restorations and Rehabilitations - Tax Credit
FOR the purpose of extending the automatic termination of the tax credit for certain improvements to historic properties; providing for a special effective date; and generally relating to tax credits against the Baltimore City real property tax.
Body
BY repealing and reordaining, with amendments
Article 28 - Taxes
Section(s) 10-8(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 restorations and rehabilitations.
(m) Termination of program.
Applications for the credit may not be accepted after [March 1, 2007] FEBRUARY 28, 2009.
SECTION 2. AND BE IT FURTHER ORDAINED, That the catchlines contained in this Ordinance are not law and may not be considered to have been enacted as a part of this or any prior Ordinance.
SECTION 3. AND BE IT FURTHER ORDAINED, That this Ordinance takes effect on the date it is enacted, retroactive to March 1, 2007.
dlr07-1182~intro/20Feb07
art28/TxCrdt/aa:me