Baltimore City – Economic Development Project in Downtown RISE District – Payment in Lieu of Taxes
What this bill does
Exempting an economic development project located in a certain area of downtown Baltimore City from Baltimore City property taxes if the owner of the economic development project and the Baltimore City Board of Estimates enter into a payment in lieu of taxes agreement and certain other requirements are met; and requiring by January 1 each year, the City of Baltimore or a designated agency to make a certain report to the President of the Baltimore City Council regarding the program.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.