Expedited Bill No.
55-10
Concerning: Taxes - Transportation
Impact Tax - Credits - Amendments
Revised: 10-21-10
Draft No.
_1_
Introduced:
October 26,2010
2
Enacted:
November 23,--" ,,-,!0...:.:10::..--_
Executive: _ _ _ _ _ _ _ __
Effective: _ _ _ _ _ _ _ _ __
Sunset Date: November 1, 2015
Ch. _ _, Laws of Mont. Co. _ __
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
By: Councilmembers Knapp and EIrich
AN EXPEDITED ACT
to:
(1)
modify the credits that apply to the transportation impact tax; and
(2)
generally amend County law regarding impact taxes,
By amending
Montgomery County Code
Chapter
52,
Taxation
Section
52-55
Boldface
Underlining
[Single boldface brackets]
Double underlining
[[Double boldface brackets]]
'* '* '*
Heading or defined term.
Added to existing law by original bill.
Deletedfrom existing law by original bill,
Added by amendment.
Deletedfrom existing law or the bill by amendment.
Existing law unaffected by bill.
The County Council for Montgomery County, Maryland approves the following Act:
 PDF to HTML - Convert PDF files to HTML files
EXPEDITED BILL
No.55-10
1
Sec.
1.
Section 52-55 is amended as follows:
52-55.
(a)
(2)
Credits.
2
3
4
5
*
*
*
[Any credit that was certified before July 1, 2002, for an entity
that received more than $20 million in credits under this
subsection may be applied to satisfY up to $2 million worth of
obligations under Policy Area Mobility Review or any successor
policy area transportation test,
in
addition to impact taxes. This
paragraph is not effective after October 31, 2015.]
(A) An entity that received more than $20 million
in
credits
under this subsection that were certified before July
6
7
8
9
10
11
12
L
2002, may
m;mly
any unused credit to satisfy an obligation
under Policy Area Mobility Review, or any applicable
successor policy area transportation test, if:
13
14
15
16
ill
the County Executive has identified the proj ect for
which
~
credit would be applied under this
~
17
18
19
paragraph as
project; and
Oi)
strategic economic development
the credit is used before November
L
2015.
20
21
ill)
The total of any credits used under this paragraph to satisfY
an obligation under Policy Area Mobility Review, or any
applicable successor policy area transportation test, must
not exceed $1.7 million.
22
23
24
*
Sec. 2. Expedited Effective Date.
*
*
IS
25
26
27
28
The Council declares that this legislation
necessary for the immediate
protection of the public interest. This Act takes effect on the date when it becomes
law.
-2­
 PDF to HTML - Convert PDF files to HTML files
EXPEDITED BILL NO.55-10
29
Approved:
30
Nancy Floreen, Presld nt, Cotmty CouncIl
/1/2.3/10
~ate
'
31
Approved:
32
Isiah Leggett, County Executive
Date
33
This is a correct copy ofCouncil action.
34
Linda M. Lauer, Clerk ofthe Council
Date
-3­