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File #: 18-0221    Version: 0 Name: Recordation and Transfer Taxes - Surtax - Dedicating Surtax Proceeds to Affordable Housing Trust Fund
Type: Ordinance Status: Before the Mayor
File created: 4/16/2018 In control: Mayor
On agenda: Final action:
Enactment #:
Title: Recordation and Transfer Taxes - Surtax - Dedicating Surtax Proceeds to Affordable Housing Trust Fund For the purpose of imposing a surtax on recordations subject to the recordation tax and a surtax on property transfers subject to the transfer tax; providing for an exemption from these surtaxes for certain residential properties; dedicating the proceeds from these surtaxes to the Affordable Housing Trust Fund created by City Charter Article 1, § 14; correcting, clarifying, and conforming related language; and generally relating to the City’s recordation and transfer taxes.
Sponsors: John T. Bullock, President Young, Bill Henry, Ryan Dorsey, Kristerfer Burnett, Brandon M. Scott, Shannon Sneed, Mary Pat Clarke, Robert Stokes, Sr., Sharon Green Middleton, Zeke Cohen, Edward Reisinger, Eric T. Costello, Leon F. Pinkett, III, Isaac "Yitzy" Schleifer
Indexes: Affordable Housing, Recordation, Surtax, Tax, Taxes, Transfer, Trust Fund
Attachments: 1. 18-0221~1st Reader, 2. HCD 18-0221, 3. Planning 18-0221, 4. Law 18-0221, 5. Finance 18-0221, 6. BDC 18-0221, 7. 2nd Reader Amendments 18-0221, 8. 18-0221~3rd Reader, 9. 18-0221~Enr 3rd Reader
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
11/19/20180 City Council Recalled from the Mayor's Office  Action details Meeting details Not available
11/19/20180 City Council Approved and Sent to the Mayor  Action details Meeting details Not available
10/29/20180 City Council Approved and Sent to the Mayor  Action details Meeting details Not available
10/15/20180 City Council 3rd Reader, for final passage  Action details Meeting details Not available
10/15/20180 Taxation, Finance and Economic Development Committee Recommended Favorably with Amendment  Action details Meeting details Not available
9/27/20180 Taxation, Finance and Economic Development Committee Recommended Favorably with AmendmentPass Action details Meeting details Not available
8/6/20180 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
7/9/20180 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
4/19/20180 City Council President Refer to Baltimore Development Corporation  Action details Meeting details Not available
4/19/20180 City Council President Refer to Dept. of Real Estate  Action details Meeting details Not available
4/19/20180 City Council President Refer to Dept. of Finance  Action details Meeting details Not available
4/19/20180 City Council President Refer to Board of Estimates  Action details Meeting details Not available
4/19/20180 City Council President Refer to Dept. of Planning  Action details Meeting details Not available
4/19/20180 City Council President Refer to Dept. of Housing and Community Development  Action details Meeting details Not available
4/19/20180 City Council President Refer to City Solicitor  Action details Meeting details Not available
4/16/20180 City Council Assigned  Action details Meeting details Not available
4/16/20180 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: Councilmember Bullock

A Bill Entitled

An Ordinance concerning
title
Recordation and Transfer Taxes - Surtax - Dedicating Surtax Proceeds to Affordable Housing Trust Fund
For the purpose of imposing a surtax on recordations subject to the recordation tax and a surtax on property transfers subject to the transfer tax; providing for an exemption from these surtaxes for certain residential properties; dedicating the proceeds from these surtaxes to the Affordable Housing Trust Fund created by City Charter Article 1, § 14; correcting, clarifying, and conforming related language; and generally relating to the City’s recordation and transfer taxes.
body

By repealing and reordaining, with amendments
Article 28 - Taxes
Sections 16-1, 17-2(a), and 17-3(a)
Baltimore City Code
(Edition 2000)

By adding
Article 28 - Taxes
Sections 16-3 and 17-15
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 16. Recordation Tax

§ 16-1. Tax imposed.

(a) In general.

Pursuant to State Tax-Property Article § 12-103(b), the rate of tax applicable to instruments recorded with the Clerk of the Circuit Court for Baltimore City is:

(1) in the case of instruments conveying title to property[,]:

(i) $5 for each $500 or fractional part of $500 of the actual c...

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