Title
An Act concerning the Tax Increment Development District Created by the City of Laurel, Maryland and Designated as the Centre at Laurel Development District
Background
This Bill authorizes Prince George’s County, Maryland to join the City of Laurel in pledging a portion of its property taxes for a ten-year period levied on the tax increment pertaining to the Centre at Laurel Development District to assist in the financing of the construction of certain public infrastructure improvements relating to the development of a shopping center located on the northwest corner of Contee Road and Baltimore Washington Boulevard Route 1 in Prince George’s County, Maryland.