Legislation

Title: Property Tax - Taxation of Business Property - Tax Rates, Exemptions, and Credits
Sponsored by: Senator Benson
Status: In the Senate - Withdrawn by Sponsor
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting the county tax rate and municipal tax rate applicable to business personal property from exceeding $2 for each $100 of assessment; exempting business personal property from the property tax imposed by a county or municipal corporation, subject to certain exceptions; authorizing the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation to grant, by law, a certain property tax credit against the county or municipal corporation property tax imposed on business property; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): June 1, 2022

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

History

Legislation History
Chamber Senate Calendar Date 1/27/2022 Legislative Date 1/27/2022 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/27/2022 Legislative Date 1/27/2022 Action Hearing 2/16 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax - Taxation of Business Property - Tax Rates, Exemptions, and Credits Proceedings
Chamber Senate Calendar Date 2/08/2022 Legislative Date 2/08/2022 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/08/2022 Legislative Date 2/08/2022 Action Hearing 3/02 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 4/08/2022 Legislative Date 4/08/2022 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/27/2022	1/27/2022	First Reading Budget and Taxation
Senate	1/27/2022	1/27/2022	Hearing 2/16 at 1:00 p.m.
			Text - First - Property Tax - Taxation of Business Property - Tax Rates, Exemptions, and Credits
Senate	2/08/2022	2/08/2022	Hearing canceled
Senate	2/08/2022	2/08/2022	Hearing 3/02 at 1:00 p.m.
Senate	4/08/2022	4/08/2022	Withdrawn by Sponsor

File Code

Subjects

Statutes