Authorizing a local jurisdiction establishing a development district to pledge towards the repayment of bonds specified amounts remitted by the State to the local jurisdiction; authorizing the Secretary of Business and Economic Development to approve specified development districts for State assistance; requiring the State, as provided in the State budget, to remit to the local jurisdiction specified amounts equal to a portion of State tax revenues attributable to the development district; etc.

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Sponsored by:

Delegate Salima Siler Marriott, District 40

Baltimore City Administration

Bill indexed under the following Subjects:

ASSESSMENTS AND TAXATION, DEPARTMENT OF

BUDGETS -see also- CAPITAL BUDGETS

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF

COMMERCIAL REHABILITATION

COMPTROLLER

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

COUNTY AND BALTIMORE CITY BONDS

ENTERPRISE ZONES

GROSS RECEIPTS TAX

INCOME TAX

MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC

PROPERTY TAX

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

SALES AND USE TAX

SPECIAL TAX DISTRICTS

STATE AID

TAX CREDITS -see also- CIRCUIT BREAKER

URBAN RENEWAL -see also- COMMERCIAL REHABILITATION

Bill affects the following Statutes:

Article - 83A Department of Business and Economic Development

( 5-1701 , 5-1702 , 5-1703 , 5-1704 )

Article - 41 Governor - Executive and Administrative Departments

( 14-204 , 14-206 )

Tax - Property

( 9-103 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading, Enrolled

Fiscal Note: Available (Word / PDF)

Amendments: None offered