2006 Regular Session

HOUSE BILL 1500

File Code: Real Property
Sponsored By:
Delegate Hixson
Entitled:
Condominiums - Conversion of Rental Facilities - Extended Leases - Property Tax Credit

Synopsis:

Increasing from 3 to 5 years the minimum period of an extended lease that a developer converting a rental facility to a condominium is required to offer specified households; authorizing a county or municipal corporation to grant, by law, a property tax credit against the county or municipal corporation property tax imposed on residential real property owned by a developer that converts a residential rental facility to a condominium and offers extended leases to tenants of the residential rental facility; etc.

History by Legislative Date

House Action
2/14
First Reading House Rules and Executive Nominations
2/27
Re-referred Environmental Matters & Ways and Means
3/1
Hearing 3/16 at 1:00 p.m.
Senate Action
No Action

Bill indexed under the following Subjects:

CONDOMINIUMS
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL
ELDERLY PERSONS
LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.
LEASES AND RENT
MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC
NOTICES
PROPERTY TAX
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Real Property
( 11-102.1 , 11-137 , 11-140 )
Tax - Property
( 9-243 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered