Baltimore City Council
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Type: Ordinance Status: Withdrawn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 SUBTITLE, any other property tax credit provided by the City.

 

   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 when it is enacted, applicable to all taxable years beginning after June 30, 2016.  However, if the termination provision specified in Section 3 of Chapter 623, Acts of the General Assembly 2014, takes effect, City Code Article 28, � 10-1.1 (as enacted by Ordinance 14-303 and amended by this Ordinance) shall be abrogated and of no further force and effect.

 

dlr15-1278(1)~intro/16Sep15

art28/PortableHomestead/aa:me

 

 

dlr15-1278(1)~intro/16Sep15

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art28/PortableHomestead/aa:me