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Legislation


1996 Regular Session

HOUSE BILL 941

File Code: Taxes - Property Prior Year Introduction As: HB 442/95 - W&M
Sponsored By:
Delegates Rosenberg and Campbell
Entitled:
Property Tax Base Sharing

Synopsis:

Establishing a separate property tax subclass in real property for commercial-industrial property; allocating among the counties and Baltimore City a portion of the increase over a 1995 base year in the assessed valuation of commercial-industrial real property based on a formula reflecting each jurisdiction's wealth; providing for the annual taxation of the increase over the base year in the assessed valuation of commercial-industrial real property; providing for the distribution of the revenue to each subdivision; etc.

Legislative History

House Action
2/2
First Reading Ways and Means
2/12
Hearing 2/27 at 11:00 a.m.
3/11
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Samuel I. Rosenberg, District 42
Delegate James W. Campbell, District 42
Bill indexed under the following Subjects:
ASSESSMENTS
COMMERCE AND BUSINESS -see also- SMALL BUSINESS
COUNTIES
INDUSTRIAL MATTERS
MANDATES
PROPERTY TAX -see also- ASSESSMENTS
REAL PROPERTY
REVENUE AND TAXES - GENERAL
Bill affects the following Statutes:
Tax - Property
( 1-101 , 6-501 , 6-502 , 6-503 , 6-504 , 6-505 , 6-506 , 6-507 , 8-101 , 8-101 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available
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