SENATE BILL 553

Sponsored By:

Senator McFadden (By Request - Baltimore City Administration)

Entitled:

Baltimore City - General Powers - Tax Increment Financing

Synopsis:

Altering the purposes for which the proceeds shall be applied of bonds issued by the Mayor and City Council of Baltimore City under specified provisions authorizing tax increment financing for the development of specified areas in Baltimore City, to include the construction or rehabilitation of buildings that are abandoned property or distressed property or will provide units of affordable housing.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

3/3

Hearing 3/18 at 8:30 a.m.

3/24

Favorable Report by Budget and Taxation

Favorable Report Adopted

Second Reading Passed

3/25

Third Reading Passed (47-0)

House Action

3/25

First Reading Ways and Means

Sponsored by:

Senator Nathaniel J. McFadden, District 45

Baltimore City Administration

Bill indexed under the following Subjects:

ABANDONED PROPERTY

BALTIMORE CITY

COUNTY AND BALTIMORE CITY BONDS

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

REAL PROPERTY

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

URBAN RENEWAL -see also- COMMERCIAL REHABILITATION

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Vote (Legislative date is shown):

Senate

March 25, 2004: Third Reading Passed (47-0)