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File #: 15-0566    Version: 0 Name: Portable Homestead Tax Credit - Extending Coverage
Type: Ordinance Status: Withdrawn
File created: 9/21/2015 In control: City Council
On agenda: Final action: 7/18/2016
Enactment #:
Title: Portable Homestead Tax Credit - Extending Coverage FOR the purpose of extending the Portable Homestead Tax Credit to include otherwise qualified homeowners who also receive a Targeted Homeowner's Tax Credit; providing for a special effective date; providing for the application of this Ordinance; providing for the automatic termination of the Portable Homestead Tax Credit under certain circumstances; and generally relating to property tax credits.
Sponsors: City Council President (Administration)
Indexes: Portable Homestead , Tax Credits
Attachments: 1. 15-0566~1st Reader, 2. Planning 15-0566, 3. BDC 15-0566, 4. Finance 15-0566, 5. City Solicitor 15-0566, 6. Real Estate 15-0566
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 (Department of Finance)


A BILL ENTITLED

AN ORDINANCE concerning
title
Portable Homestead Tax Credit - Extending Coverage
FOR the purpose of extending the Portable Homestead Tax Credit to include otherwise qualified homeowners who also receive a Targeted Homeowner's Tax Credit; providing for a special effective date; providing for the application of this Ordinance; providing for the automatic termination of the Portable Homestead Tax Credit under certain circumstances; and generally relating to property tax credits.
body

BY authority of
Tax-Property Article
Section 9-304(g)
Annotated Code of Maryland
(As amended by Chapter 68, Acts of 2015)

BY repealing and reordaining, with amendments
Article 28 - Taxes
Section(s) 10-1.1(f)
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


? 10-1.1. Portable homestead.

(f) Duplication of credits not allowed; EXCEPTION.

In any year in which a homeowner receives a credit under this section, the homeowner may not receive:

(1) the local portion of the credit under State Tax-Property Article, ??9?105 {?Homestead tax credit?}; or

(2) EXCEPT FOR THE TARGETED HOMEOWNER?S TAX CREDIT PROVIDED UNDER ??1016 OF THIS SUBTITL...

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