HOUSE BILL 272

Sponsored By:

Allegany County Delegation

Entitled:

Allegany County and City of Cumberland - Property Tax Credit - Rehabilitated Property

Synopsis:

Modifying authorization for the granting of a property tax credit by the governing body of the City of Cumberland for qualifying rehabilitated property to allow the credit for a period not exceeding 10 years; authorizing the governing body of Allegany County to grant a property tax credit for qualifying rehabilitated property under regulations adopted by the governing body; and capping the amount of the credit and time period for which the credit may apply.

Legislative History

House Action

1/20

First Reading Ways and Means

2/19

Hearing 3/6 at 1:00 p.m.

3/13

Favorable Report by Ways and Means

3/14

Favorable Report Adopted

Second Reading Passed

3/17

Third Reading Passed (134-0)

3/30

Returned Passed

4/8

Signed by the Governor Chapter 83

Senate Action

3/18

First Reading Budget and Taxation

3/19

Hearing 3/25 at 1:00 p.m.

3/31

Favorable Report by Budget and Taxation

4/1

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (47-0)

Bill indexed under the following Subjects:

ALLEGANY COUNTY

MUNICIPAL CORPORATIONS

PROPERTY TAX -see also- ASSESSMENTS

RULES AND REGULATIONS

TAX CREDITS

Bill affects the following Statute:

Tax - Property

( 9-302 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)