City of Baltimore - File #: 09-0181R

• File #: 09-0181R
• Version: 0
• Name: Request for State Action - Support of the Maryland Heritage Structure Rehabilitation Tax Credit
• Type: City Council Resolution
• Status: Adopted
• File created: 12/10/2009
• In control: City Council
• Final action: 12/10/2009
• Title: Request for State Action - Support of the Maryland Heritage Structure Rehabilitation Tax Credit FOR the purpose of urging the Baltimore City House and Senate Delegations to the 2010 Maryland General Assembly and the Governor of Maryland to extend and expand the Maryland Heritage Structure Rehabilitation Tax Credit, a program which has contributed greatly to Baltimore City and to the State of Maryland as a whole, and which, without reauthorization, will expire in July 2010.
• Sponsors: James B. Kraft, Bill Henry, Sharon Green Middleton, President Young, Helen L. Holton, Mary Pat Clarke, Belinda Conaway, Rochelle Spector, Agnes Welch
• Indexes: Resolution

Date	Ver.	Action By	Action	Result
12/10/2009	0	City Council	Introduced
12/10/2009	0	City Council	Advanced to 2nd Reader on same day
12/10/2009	0	City Council	Adopted

* 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 R
(Resolution)

Introduced by: Councilmember Kraft


A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
Request for State Action - Support of the Maryland Heritage Structure Rehabilitation Tax Credit

FOR the purpose of urging the Baltimore City House and Senate Delegations to the 2010 Maryland General Assembly and the Governor of Maryland to extend and expand the Maryland Heritage Structure Rehabilitation Tax Credit, a program which has contributed greatly to Baltimore City and to the State of Maryland as a whole, and which, without reauthorization, will expire in July 2010.
body
WHEREAS, Maryland has more structures within National Register historic districts (89,523) and local historic districts (8,087) than any other state in the country; and

WHEREAS, In total, approximately 97,610 structures are eligible for this program state-wide, with projects having been located in all Maryland jurisdictions except for Charles, Garrett, and Somerset counties; and

WHEREAS, Over 12 years, commercial projects completed under this program have generated more than $1.74 billion in economic activity, and residential projects have generated more than $354.9 million; and

WHEREAS, More than one-third of the State’s investment through this credit has been returned through state and local taxes from project construction alone, in addition to the greater returns seen in the long term through increas...