City of Baltimore - File #: 13-0089R

• File #: 13-0089R
• Version: 0
• Name: In Support of State Legislation - Senate Bill 158/House Bill 128 - Homestead Tax Credit - Eligibility Verification and Application - Extension
• Type: City Council Resolution
• Status: Adopted
• File created: 1/28/2013
• In control: City Council
• Final action: 1/28/2013
• Title: In Support of State Legislation - Senate Bill 158/House Bill 128 - Homestead Tax Credit - Eligibility Verification and Application - Extension FOR the purpose of expressing support for this legislation that alters the date by which the homestead property tax credit may not be authorized or granted unless a certain application is filed with the State Department of Assessments and Taxation; urging the Honorable Chairs and Members of the Senate Budget and Taxation Committee and the House Ways and Means Committee to report the bills favorably; requesting the Honorable Chairs and Members of the Baltimore City Senate and House Delegations to the 2013 Maryland General Assembly to support adoption of the legislation; and respectfully calling on the Governor to sign the measure into law.
• Sponsors: Nick Mosby, Bill Henry, President Young, Helen L. Holton, Sharon Green Middleton, James B. Kraft, Carl Stokes, Brandon M. Scott, William "Pete" Welch, Edward Reisinger, Rochelle Spector, Mary Pat Clarke, Robert Curran
• Indexes: Resolution

Date	Ver.	Action By	Action	Result
1/28/2013	0	City Council	Introduced
1/28/2013	0	City Council	Advanced to 2nd Reader on same day
1/28/2013	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 Mosby


A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
In Support of State Legislation - Senate Bill 158/House Bill 128 - Homestead Tax Credit - Eligibility Verification and Application - Extension

FOR the purpose of expressing support for this legislation that alters the date by which the homestead property tax credit may not be authorized or granted unless a certain application is filed with the State Department of Assessments and Taxation; urging the Honorable Chairs and Members of the Senate Budget and Taxation Committee and the House Ways and Means Committee to report the bills favorably; requesting the Honorable Chairs and Members of the Baltimore City Senate and House Delegations to the 2013 Maryland General Assembly to support adoption of the legislation; and respectfully calling on the Governor to sign the measure into law.
body

The homestead property tax credit, in effect for approximately 30 years, limited the amount a primary residence’s tax assessment could increase each year. It was a means of alleviating greatly increased large property tax assessments, due to current market real estate conditions, that threatened longtime homeowners’ ability to pay their property taxes and to remain in their homes. Each jurisdiction imposed a cap, and today in Baltimore City the cap is 4%, which means that the credit prevents a property’s tax assessment bill from increasing b...