Baltimore City Council
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File #: 18-0193    Version: 0 Name: Food Desert Incentive Areas - Expenditure Requirements for Tax Credit
Type: Ordinance Status: Enacted
File created: 2/26/2018 In control: City Council
On agenda: Final action: 6/20/2018
Enactment #: 18-151
Title: Food Desert Incentive Areas - Expenditure Requirements for Tax Credit For the purpose of establishing a new minimum expenditure requirement for substantially renovated supermarkets that is lower than the expenditure requirement for newly constructed supermarkets; and generally relating to the qualifications for a tax credit granted to certain supermarkets in a Food Desert Incentive Area.
Sponsors: City Council President (Administration)
Indexes: Food Desert, Incentives, Tax Credits
Attachments: 1. 18-0193~1st Reader, 2. Real Estate 18-0193, 3. Planning 18-0193, 4. BDC 18-0193, 5. Law 18-0193, 6. HCD 18-0193, 7. Health 18-0193, 8. Finance 18-0193, 9. 18-0193~3rd Reader, 10. Completed File_18-0193
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
6/25/20180 Mayor Signed by Mayor  Action details Meeting details Not available
6/7/20180 City Council Approved and Sent to the Mayor  Action details Meeting details Not available
6/4/20180 City Council 3rd Reader, for final passage  Action details Meeting details Not available
6/4/20180 Taxation, Finance and Economic Development Committee Recommended Favorably  Action details Meeting details Not available
5/17/20180 Taxation, Finance and Economic Development Committee Recommended FavorablyPass Action details Meeting details Not available
4/16/20180 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
3/1/20180 The City Council Refer to Dept. of Finance  Action details Meeting details Not available
3/1/20180 The City Council Refer to Board of Estimates  Action details Meeting details Not available
3/1/20180 The City Council Refer to Dept. of Health  Action details Meeting details Not available
3/1/20180 The City Council Refer to Baltimore Development Corporation  Action details Meeting details Not available
3/1/20180 The City Council Refer to Dept. of Real Estate  Action details Meeting details Not available
3/1/20180 The City Council Refer to City Solicitor  Action details Meeting details Not available
3/1/20180 The City Council Refer to Dept. of Planning  Action details Meeting details Not available
3/1/20180 The City Council Refer to Dept. of Housing and Community Development  Action details Meeting details Not available
2/26/20180 City Council Assigned  Action details Meeting details Not available
2/26/20180 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:  The Council President

At the request of:  The Administration (Baltimore Development Corporation)                               

 

                     A Bill Entitled

 

An Ordinance concerning

title

Food Desert Incentive Areas - Expenditure Requirements for Tax Credit

For the purpose of establishing a new minimum expenditure requirement for substantially renovated supermarkets that is lower than the expenditure requirement for newly constructed supermarkets; and generally relating to the qualifications for a tax credit granted to certain supermarkets in a Food Desert Incentive Area.

body

 

By repealing and reordaining, without amendment

Article 28 - Taxes

Section 10-30(a)(7)

Baltimore City Code

(Edition 2000)

 

By repealing and reordaining, with amendments

Article 28 - Taxes

Section 10-30(b) and (c)

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

 

§ 10-30.  Food Desert Incentive Areas (Personal Property Tax Credit)

 

(a)  Definitions.

 

(7)  Qualified supermarket.

 

“Qualified supermarket’ means a supermarket that has been newly constructed or newly substantially renovated to meet the qualifications imposed by this subtitle.

 

(b)  Credit granted.

 

In accordance with [state tax-property article § 9-304] State Tax-Property Article § 9-304(h), a tax credit is granted against the City personal property tax imposed on qualified supermarkets.

 

(c)  Qualifications for credit.

 

To qualify for the credit granted by this section, a qualified supermarket must:

 

(1)                     be located in a Food Desert Incentive Area;

 

[(2) have expended on new personal property an amount equal to the greater of:

 

(i)                     $150,000; or

 

(ii)                     $25 per square foot of total floor space;]

 

(2)                     [(3)] have at least 500 square feet of total floor space dedicated to the sale of fruits and vegetables; [and]

 

(3)                     [(4)] have at least 500 square feet of total floor space dedicated to the sale of other perishable goods, including meat, seafood, and dairy products; and

 

(4)                     have expended on new personal property: 

 

(i)                     for a newly constructed supermarket, an amount equal to the greater of:

 

(i)                     $150,000; or

 

(ii)                     $25 per square foot of total floor space; or

 

(ii)                     for a newly substantially renovated supermarket, an amount based on the supermarket’s total floor space, as follows:

 

  Total Floor Space

  Expenditure Required

 20,000 sq. ft. or less

 $5 per square foot

 More than 20,000 sq. ft. up to 45,000 sq. ft.

 $8 per square foot

 More than 45,000 sq. ft.

 $10 per square foot

 

 

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 on the 30th day after the date it is enacted.