Baltimore City Council
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File #: 22-0212    Version: 0 Name: Residential Retention Tax Credit - Amendment
Type: Ordinance Status: 3rd Reader, final passage
File created: 3/21/2022 In control: Baltimore City Council
On agenda: Final action:
Enactment #:
Title: Residential Retention Tax Credit - Amendment For the purpose of amending application requirements for the portable homestead tax credit; terminating the sunset of the credit; and generally relating to the portable homestead property tax credit.
Sponsors: Eric T. Costello, President Nicholas J. Mosby, Sharon Green Middleton, John T. Bullock, Isaac "Yitzy" Schleifer, James Torrence, Robert Stokes, Sr., Antonio Glover
Indexes: Amendment, Residential, Retention, Tax Credits
Attachments: 1. 22-0212 Law, 2. Reassigned Committee 22-0212(3)~1st Reader, 3. 22-0212~1st Reader, 4. BDC 22 0212, 5. DHCD 22-0212, 6. Finance 22-0212, 7. Final Synopsis 22-0212 6 28 22, 8. Final Hearing Notes 22-0212, 9. 2nd Reader Amendmentsv(Floor)(Costello)
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 Costello, President Mosby


A Bill Entitled

An Ordinance concerning
title
Residential Retention Tax Credit - Amendment
For the purpose of amending application requirements for the portable homestead tax credit; terminating the sunset of the credit; and generally relating to the portable homestead property tax credit.
body

By repealing and re-ordaining, with amendments
Article 28 - Taxes
Sections 10-1.1(c), 10-1.1(k)
Baltimore City Code
(Edition 2000)

By repealing
Article 28 - Taxes
Section 10-1.1(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

§ 10-1.1 Portable homestead.

(c) Qualifications.

To qualify for the credit authorized by this section, the homeowner must:

(1) for the 5 tax years preceding the purchase of the new dwelling in Baltimore City:


(i) have owned and occupied, as his or her principal residence, a dwelling in the City; and

(ii) received a credit under State Tax-Property Article, § 9-105 {“Homestead tax credit”} for that dwelling;

(2) occupy the newly purchased dwelling as his or her principal residence;

(3) submit an application to the Finance Director in the form and containing the information that the ...

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