Legislation Details

Reference No. CB-040-2015    Draft No. 1
Type: Council Bill Status: Failed
Meeting Body County Council
Meeting Date 6/23/2015
Introduced Date Public Hearing Date
Effective date:    
Title: AN ACT CONCERNING SUPPLEMENTAL PROPERTY TAX CREDIT for the purpose of establishing a tax credit for real property.
Proposers/Sponsors: County Executive
Attachments: 1. B2015040.pdf, 2. CB-40-2015 AIS
Contact: LaKeecia Allen, Office of Law
Title
AN ACT CONCERNING SUPPLEMENTAL PROPERTY TAX CREDIT for the purpose of establishing a tax credit for real property.
 
Background
Pursuant to Section 9-104 of the Tax-Property Article of the Annotated Code of Maryland, the proposed legislation establishes a property tax credit for those households between the combined gross income of $60,001 and $70,000.  The households that fall within $60,001 and $70,000 will receive a County credit for the education real property tax; provided they meet all other tax credit eligibility as mandated by the State.