Property Tax - Credit to Offset Increases in Local Tax Revenue
Sponsor: Nancy J. King (District 39)Committee: Budget and TaxationSubject: Taxes - PropertyStatus: Hearing 1/24 at 1:00 p.m. (as of Nov 13, 2024)
What this bill does
Official synopsis
Authorizing Baltimore City, a county, or a municipal corporation to grant the property tax credit to offset increases in local income tax revenues to the owner-occupied property of a homeowner for taxable years beginning after June 30, 2022, but before July 1, 2025, whether or not the homeowner has an application for the homestead property tax credit on file with the State Department of Assessments and Taxation, notwithstanding a certain provision of law.
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Testimony (3)
MGA witness listFAV 3Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Higgs, Director Michael | Dept. of Assessments & Taxation | Oral + Written (PDF) |
| FAV | King, Senator Nancy | Individual | Written (PDF) |
| FAV | Senator King, Senator Kinglegislator | Individual | Oral |