Baltimore City Council
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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
On agenda: 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
Attachments: 1. 17-0030~1st Reader, 2. Planning 17-0030, 3. BDC 17-0030, 4. Law 17-0030, 5. HCD 17-0030, 6. Real Estate 17-0030, 7. Finance 17-0030, 8. 17-0030~3rd Reader, 9. Completed Legislative File 17-0030
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
6/19/20170 Mayor Signed by Mayor  Action details Meeting details Not available
6/5/20170 City Council Approved and Sent to the Mayor  Action details Meeting details Not available
5/15/20170 City Council 3rd Reader, for final passage  Action details Meeting details Not available
5/15/20170 Taxation, Finance and Economic Development Committee Recommended Favorably  Action details Meeting details Not available
5/11/20170 Taxation, Finance and Economic Development Committee Recommended FavorablyPass Action details Meeting details Not available
4/24/20170 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
3/9/20170 The City Council Refer to Dept. of Real Estate  Action details Meeting details Not available
3/9/20170 The City Council Refer to Dept. of Finance  Action details Meeting details Not available
3/9/20170 The City Council Refer to Baltimore Development Corporation  Action details Meeting details Not available
3/9/20170 The City Council Refer to Dept. of Planning  Action details Meeting details Not available
3/9/20170 The City Council Refer to Dept. of Housing and Community Development  Action details Meeting details Not available
3/9/20170 The City Council Refer to City Solicitor  Action details Meeting details Not available
3/6/20170 City Council Assigned  Action details Meeting details Not available
3/6/20170 City Council Introduced  Action details Meeting details Not available
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...

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