Prince George's County Council - Reference No. CB-009-2010

• Reference No.: CB-009-2010
• Draft No.: 2
• Type: Council Bill
• Status: Enacted
• Meeting Body: County Council
• Meeting Date: 7/13/2010
• Introduced Date: 6/15/2010
• Effective date: 9/13/2010
• Title: An Act creating a property tax credit and enhanced property tax credit against the County property tax imposed on real property owned or leased by business entities, and on personal property owned by business entities, that meet certain requirements related to the creation of new jobs; and generally providing for a new jobs tax credit as authorized by State law
• Proposers/Sponsors: Thomas E. Dernoga, Andrea C. Harrison, Ingrid M. Turner, Camille A. Exum, Samuel H. Dean, County Executive
• Code sections: 10-235.13 - , 10-235.14 - , 10-235.15 - , 10-235.16 - , 10-235.17 - , 10-235.18 -
• Contact: Joseph R. Hamlin Office of Law

Date	Ver.	Action By	Action	Result
9/13/2010		County Council	effective
7/27/2010		County Executive	signed
7/13/2010	2	County Council	Public hearing	Pass
7/13/2010	2	County Council	enacted	Pass
6/15/2010		County Council	introduced
6/9/2010	2	County Council	Favorably recommended with amendments	Pass
3/2/2010	2	County Council	referred	Pass
3/2/2010		County Council	presented

Title An Act creating a property tax credit and enhanced property tax credit against the County property tax imposed on real property owned or leased by business entities, and on personal property owned by business entities, that meet certain requirements related to the creation of new jobs; and generally providing for a new jobs tax credit as authorized by State law Background This legislation will create a property tax credit and enhanced property tax credit against the County property tax imposed on real property owned or leased by business entities, and on personal property owned by business entities, pursuant to Section 9-230 of the Tax-Property Article of the Annotated Code of Maryland. Eligibility for the credit is based upon the creation of new, permanent, full-time jobs and the occupation of new or expanded premises in the County and thus will provide an incentive for job creation.