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 Mosby
A Bill Entitled
An Ordinance concerning
title
Real Property Tax - Affordable and Inclusionary Housing - Mandatory Reporting
For the purpose of requiring the Departments of Housing and Community Development and Planning to submit a joint report to the City Council prior to seeking the approval of the Board of Estimates of an agreement between the City and an owner or owners of a qualifying affordable or inclusionary housing development that provides for the payment to the City of a negotiated amount in lieu of the payment of City real property taxes for a set term of years.
body
By adding
Article 28 - Taxes
Section 9-6(c)(6)
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 9. Exemptions
ยง 9-6. Affordable and inclusionary housing.
. . .
(c) Exemption granted.
A redevelopment project or new residential rental development project is exempt from Baltimore City real property taxes if, in accordance with the rules and regulations adopted under this section:
(1) the owner or owner or the owners of the project have filed an application for the exemption within the time period specified by the rules and regulations adopted under this subtitle;
(2) t...
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