City of Baltimore - File #: 14-0157R

• File #: 14-0157R
• Version: 0
• Name: Support for State Action - HB 920/SB 961 "Baltimore City Residential Retention Act"
• Type: City Council Resolution
• Status: Adopted
• File created: 3/10/2014
• In control: City Council
• Final action: 3/10/2014
• Title: Support for State Action - HB 920/SB 961 "Baltimore City Residential Retention Act" FOR the purpose of supporting adoption of House Bill 920/ Senate Bill 961, the Baltimore City Residential Retention Act, or similar legislation, to protect longtime Baltimore City residents from sharp increases in their effective tax rates when they move from one home to another within the City.
• Sponsors: Bill Henry, President Young, Helen L. Holton, Carl Stokes, Nick Mosby, Sharon Green Middleton, Warren Branch, Mary Pat Clarke, Rochelle Spector, Edward Reisinger, Brandon M. Scott
• Indexes: Resolution

Date	Ver.	Action By	Action	Result
3/10/2014	0	City Council	Introduced
3/10/2014	0	City Council	Advanced to 2nd Reader on same day
3/10/2014	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 Henry



A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
Support for State Action - HB 920/SB 961 "Baltimore City Residential Retention Act"

FOR the purpose of supporting adoption of House Bill 920/ Senate Bill 961, the Baltimore City Residential Retention Act, or similar legislation, to protect longtime Baltimore City residents from sharp increases in their effective tax rates when they move from one home to another within the City.
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Recitals

Baltimore City’s high property taxes are often mentioned as a key challenge to efforts to attract and retain residents. One of the approaches the City has taken to addressing this challenge is to make generous use of its authority to set Homestead Tax Credit ceilings in a way that offers one of the most significant protections from tax increases in the State to longtime residents who remain in their homes.

However, under current law, when residents wish to change homes they are forced to forfeit the lower effective tax rates they’ve built up using the Homestead Tax Credit. This can make remaining in the City suddenly seem much more expensive than moving to a county with a lower base property tax rate. In the current General Assembly session Delegate McIntosh and Senator Ferguson have worked to address this problem through the introduction of the Baltimore City Residential Retention Act.

In the words...