Property Tax - Low-Income Housing Tax Credit - Valuation of Property
Sponsor: Julie Palakovich Carr (District 17)Committee: Ways and MeansSubject: Taxes - PropertyStatus: Approved by the Governor - Chapter 67 (as of Dec 1, 2025)
What this bill does
Official synopsis
Requiring the Department of Housing and Community Development to notify the State Department of Assessments and Taxation, within 30 days of closing and the execution and delivery of a certain regulatory agreement, that a commercial property that is developed under a certain provision of federal law has been awarded a low-income tax credit; and applying the Act to all taxable years beginning after June 30, 2025.
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Testimony (0)
MGA witness listFAV 8FavorableFWA 1Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Nicolette, Tiffany | CHAI | Oral |
| FAV | Zuniga, Jessica | Foundation Development Group, LLC | Oral |
| FAV | Coale, Tomlobbyist | PWRJ | Oral |
| FAV | Stewart, Patrick | Pennrose | Oral |
| FAV | Delegate Palakovich Carr, Delegate Palakovich Carrlegislator | Individual | Oral |
| FAV | Greenfield, Aaronlobbyist | Individual | Written (PDF) |
| FAV | Palakovich Carr, Julie | Individual | Written (PDF) |
| FAV | Willems, Miranda | Individual | Written (PDF) |
| FWA | McGee, Christalobbyist | Maryland Realtors | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVCoale, TomPWRJRegistered for: Advantage Capital; Authorium; Baltimore Orioles; CI Renewables; City of Annapolis; Ecphora Capital…
FAVGreenfield, AaronRegistered for: BTS Bioenergy; Baltimore Area Council Boy Scouts of America, Inc.; Embassy of Japan; Ernst & Young, LLP; FEi Systems; Goodwill Industries of the Chesapeake…
FWAMcGee, ChristaMaryland RealtorsRegistered for: Maryland REALTORS; Maryland Association of Realtors