2007 Regular Session


File Code: Real Property Prior Year Introduction As: HB 1500/06 - ENV & W&M Crossfiled with: HOUSE BILL 96
Sponsored By:
Senator Raskin
Condominiums - Conversion of Rental Facilities - Extended Leases - Property Tax Credit


Increasing from 3 to 5 years the minimum period of an extended lease that a developer converting a rental facility to a condominium is required to offer specified households; authorizing a county or municipal corporation to grant, by law, a property tax credit against the county or municipal corporation property tax imposed on residential real property owned by a developer that converts a residential rental facility to a condominium and offers extended leases to tenants of the residential rental facility; etc.

History by Legislative and Calendar Date

Senate Action
First Reading Judicial Proceedings & Budget and Taxation
Hearing 2/20 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Counties -see also- Chartered Counties; Code Counties
Disabilities -see also- Blind; Deaf; Developmental
Elderly Persons
Landlord and Tenant -see also- Eviction; Leases & Rent; etc.
Leases and Rent
Municipal Corporations -see also- Annap; Balt; Hager; OC
Property Tax
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Real Property
( 11-102.1 , 11-137 , 11-140 )
Tax - Property
( 9-246 )


Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered