City of Baltimore - File #: 17-0030

• File #: 17-0030
• Version: 0
• Name: Tax Credits - Citywide High-Performance Market-Rate Rental Housing -Extension of Eligibility
• Type: Ordinance
• Status: Enacted
• File created: 3/6/2017
• In control: City Council
• Final action: 6/13/2017
• Enactment #: 17-022
• Title: Tax Credits - Citywide High-Performance Market-Rate Rental Housing -Extension of Eligibility For the purpose of extending the date for termination of the tax-credit program for certain newly constructed or converted market-rate rental housing projects; conforming and correcting related provisions; and generally relating to property tax credits.
• Sponsors: President Young, Sharon Green Middleton, Brandon M. Scott, Eric T. Costello, John T. Bullock, Leon F. Pinkett, III, Bill Henry, Zeke Cohen, Robert Stokes, Sr., Mary Pat Clarke, Isaac "Yitzy" Schleifer, Edward Reisinger
• Indexes: Rental Housing, Tax Credits

Date	Ver.	Action By	Action	Result
6/19/2017	0	Mayor	Signed by Mayor
6/5/2017	0	City Council	Approved and Sent to the Mayor
5/15/2017	0	City Council	3rd Reader, for final passage
5/15/2017	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
5/11/2017	0	Taxation, Finance and Economic Development Committee	Recommended Favorably	Pass
4/24/2017	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
3/9/2017	0	The City Council	Refer to Dept. of Real Estate
3/9/2017	0	The City Council	Refer to Dept. of Finance
3/9/2017	0	The City Council	Refer to Baltimore Development Corporation
3/9/2017	0	The City Council	Refer to Dept. of Planning
3/9/2017	0	The City Council	Refer to Dept. of Housing and Community Development
3/9/2017	0	The City Council	Refer to City Solicitor
3/6/2017	0	City Council	Assigned
3/6/2017	0	City Council	Introduced

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: President Young

A Bill Entitled

An Ordinance concerning
title
Tax Credits - Citywide High-Performance Market-Rate Rental Housing -Extension of Eligibility
For the purpose of extending the date for termination of the tax-credit program for certain newly constructed or converted market-rate rental housing projects; conforming and correcting related provisions; and generally relating to property tax credits.
body

By repealing and reordaining, with amendments
Article 28 - Taxes
Section 10-18(a)(4) and (l)
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

§ 10-18. High-performance market-rate rental housing - Citywide.

(a) Definitions.

(4) Newly constructed or converted.

“Newly constructed or converted” means a high-performance market-rate rental housing project [that]:

(i) [was] that is either:

(A) newly constructed on a vacant lot, cleared site, or parking lot;


(B) converted from a non-residential use; or

(C) a wholly renovated structure; and

(ii) for which:

(A) the cost of the construction or conversion exceeds $60,000 per rental unit; and

(B) a first occupancy permit following substantial completion of the construction or conversion is issued after January 1, 2014, and on or before June 30...