File Code: Real Property
Prior Year Introduction As: HB 1500/06 - ENV & W&M
Crossfiled with: SENATE BILL 641
- Sponsored By:
-
Delegates Hixson, Hucker, and Mizeur
- Entitled:
-
Condominiums - Conversion of Rental Facilities - Extended Leases - Property Tax
Credit
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.
House Action
- 1/23
- First Reading Environmental Matters & Ways and Means
- 1/31
- Hearing 2/15 at 1:00 p.m.
Senate Action
- No Action
Sponsored by:
- Delegate Sheila E. Hixson, District 20
- Delegate Tom Hucker, District 20
- Delegate Heather Mizeur, District 20
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
- (
9-246
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments:
None offered