Prince George's County Council - Reference No. CB-055-2020

• Reference No.: CB-055-2020
• Draft No.: 2
• Type: Council Bill
• Status: Enacted
• Meeting Body: County Council
• Meeting Date: 11/17/2020
• Introduced Date: 10/20/2020
• Public Hearing Date: 11/17/2020 @ 1:30 PM
• Effective date: 1/4/2021
• Title: AN ACT CONCERNING QUALIFIED DATA CENTERS - PERSONAL PROPERTY TAX EXEMPTION for the purpose of establishing a personal property tax exemption on the personal property of a Qualified Data Center; defining certain terms; providing for certain amounts of personal property tax exemptions under certain conditions; requiring a certain notice; and generally relating to personal property tax exemptions on qualified data centers.
• Proposers/Sponsors: County Executive, Todd M. Turner, Jolene Ivey, Monique Anderson-Walker, Derrick Leon Davis, Rodney C. Streeter, Dannielle M. Glaros, Thomas E. Dernoga, Mel Franklin, Sydney J. Harrison, Deni L. Taveras
• Code sections: 10-235.27 -
• Contact: David S. Iannucci, Economic Development Corporation

Date	Ver.	Action By	Action	Result
11/18/2020	2	County Executive	signed
11/17/2020	2	County Council	enacted	Pass
11/17/2020	2	County Council	public hearing held
10/20/2020	1	County Council	introduced
10/8/2020	1	Sitting as the Committee of the Whole	Favorably recommended with amendments	Pass
9/24/2020	1	Sitting as the Committee of the Whole	Held in Committee
9/9/2020	1	County Council	presented and referred

Title

AN ACT CONCERNING QUALIFIED DATA CENTERS - PERSONAL PROPERTY TAX EXEMPTION for the purpose of establishing a personal property tax exemption on the personal property of a Qualified Data Center; defining certain terms; providing for certain amounts of personal property tax exemptions under certain conditions; requiring a certain notice; and generally relating to personal property tax exemptions on qualified data centers.

Background

This bill seeks the approval of the County Council in order to fully reduce or eliminate the percentage of the assessment of a qualified data center that is subject to the Prince George’s County personal property tax.

Growing the commercial tax base with the addition of data center complexes in Prince George’s County, offers a tremendous potential for significant growth in non-residential real and personal property tax revenues, while demanding minimal public services in support. This legislation will allow the County to compete for data complexes that could exceed $1 billion in private investments and create new local jobs.