HB0497 (CH0253)

Find a 2015 Bill:

2015 Regular Session



Property Tax - Exemption - Low Income Housing - Ownership by Limited Liability Company

Sponsored by:

Delegate Anderson


Approved by the Governor - Chapter 253

Synopsis:Providing for an exemption, under specified circumstances, from property tax for real property if, under specified circumstances, the owner of the real property is a specified limited liability company or is a specified limited partnership whose managing general partner is a specified limited liability company; providing that the real property may be exempt from property tax only under specified circumstances; applying the Act to all taxable years beginning after June 30, 2015; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Anderson (By Request - Baltimore City Administration) and Delegates Conaway, Glenn, Haynes, and B. Robinson
Additional Facts:Cross-filed with: SB0356
Bill File Type: Regular
Effective Date(s): June 1, 2015
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
Ways and Means  View Committee HearingBudget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Property
Narrow Subject(s):Counties -see also- Chartered Counties; Code Counties
Housing -see also- Apartments; Condos; Mobile & Manuf Homes
Limited Liability Companies
Municipal Corporations -see also- Annap; Balt; Hager; OC
Nonprofit Organizations
Property Tax
Statutes:Article - Tax - Property

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 4:42 P.M.