HOUSE BILL 1500

Sponsored By:

Delegate Hixson

Entitled:

Condominiums - Conversion of Rental Facilities - Extended Leases - Property Tax Credit

Synopsis:

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.

History by Legislative Date

House Action

2/14

First Reading House Rules and Executive Nominations

2/27

Re-referred Environmental Matters & Ways and Means

3/1

Hearing 3/16 at 1:00 p.m.

Senate Action

No Action

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

( 9-243 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered