Expedited Bill No.
21-16
Concerning: Property Tax Credit
Burtonsville Enterprise Zone Property
- Personal Property
Revised:
5/11/2015
Draft No.
2
Introduced:
May
17. 2016
Enacted:
June
28 2016
Executive: _ _ _ _ _ _ _ _ __
Effective:
July
1. 2016
Sunset Date:
~N=on~e~------
Ch. _ _ , Laws of Mont. Co. _ _ __
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
Lead Sponsor: Councilmember Rucker
Co-Sponsors: Councilmembers Eirich and Navarro
AN EXPEDITED ACT
to:
(1)
allow a property tax credit for certain personal property owned by certain business
entities located in the Burtonsville Crossroads Neighborhood Plan;
(2)
amend certain definitions for the Burtonsville Enterprise Zone property tax credit;
'1
and
(3)
generally amend the law relating to property tax credits.
By amending
Montgomery County Code
Chapter 52, Taxation
Section 52-108
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* * *
Heading or defined term.
Added to existing law by original bill.
Deleted.from 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:
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EXPEDITED BILL NO.
21-16
1
Sec.
1.
Section 52-108 is amended as follows:
52-108. Burtonsville Enterprise Zone Property.
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3
I:
(a)
Definitions.
In this Section, the following words have the meanings
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5
indicated:
*
( 1)
*
*
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Qualified property
means real property that:
is located within the area encompassed by the Burtonsville
Crossroads neighborhood Plan developed by the Montgomery
County Planning Department;
(2)
is zoned for commercial or commercial/residential mixed use
development and is used for a commercial purpose; and
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(3)
is improved after the effective date of this Bill and before January
1, 2020 or another date provided in Section 9-317 of the Tax-
Property Article.
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*
(b)
Credit.
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*
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(1)
Credit authorized.
The Director of Finance must allow a credit,
as authorized by State law, to a taxpayer against all County
property tax and imposed
on~
(A)
improvements made by an eligible business entity to
qualified
property~
and
ill)
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personal property owned
by
an eligible business entity
located on qualified property.
*
Sec. 2. Expedited Effective Date.
*
*
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The Council declares that this legislation is necessary for the immediate
protection of the public interest. This Act takes effect July 1, 2016.
28
-2-
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EXPEDITED BILL
No. 21-16
29
Approved:
30
oJb
Approved:
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32
Isiah Leggett, County Executive
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Date
This is a correct copy ofCouncil action.
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Linda M. Lauer, Clerk of the Council
Date
-3-