AGENDA ITEM 3B
May 17,2016
Introduction
MEMORANDUM
May 13,2016
TO:
FROM:
SUBJECT:
County Council
Amanda Mihill, Legislative
AttomeYci1t.~ci"H:
Introduction:
Expedited Bill 21-16, Property Tax Credit - Burtonsville Enterprise
Zone Property - Personal Property
Expedited Bill 21-16, Property Tax Credit - Burtonsville Enterprise Zone Property Personal
Property, sponsored by Lead Sponsor Councilmember Hucker and Co-Sponsors Council members
EIrich and Navarro, is scheduled to be introduced on May 17,2016. A public hearing is tentatively
scheduled for June 21 at 1:30 p.m.
Bill 21-16 would allow a property tax credit for certain personal property owned by certain
business entities located in the Burtonsville Crossroads Neighborhood Plan and also amend certain
definitions for the Burtonsville Enterprise Zone property tax credit.
This packet contains:
Expedited Bill 21-16
Legislative Request Report
Circle
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F:\LAW\BILLS\1621 Burtonsville Enterprise Zone Property\Intro Memo.Docx
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Expedited Bill No.
21-16
Concerning: Property Tax Credit -
Burtonsville Enterprise Zone Property
- Personal Property
Revised:
5/1112015
Draft No. 2
Introduced:
May 17. 2016
Expires:
November 17.2017
Enacted: _ _ _ _ _ _ _ _ __
Executive: _ _ _ _ _ _ _ __
Effective:
July
1,
2016
Sunset Date:
-,N:.::.:o=n"",e-:--~
_ _ __
Ch. _ _ Laws of Mont. Co. _ __
I
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
Lead Sponsor: Councilmember Hucker
Co-Sponsors: Councilmember EIrich and Navarro
AN EXPEDITED ACT
to:
(1)
(2)
(3)
allow a property tax credit for certain personal property owned by certain business
entities located in the Burtonsville Crossroads Neighborhood Plan;
amend certain definitions for the Burtonsville Enterprise Zone property tax credit;
and
generally amend the law relating to property
tax
credits.
By amending
Montgomery County Code
Chapter 52, Taxation
Section 52-108
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:
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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.
(a)
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Definitions.
In
this Section, the following words have the meanings
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
(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.
17
(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~
CA)
improvements made by an eligible business entity to
qualified property.;. and
ill.)
personal property owned
Qy
an eligible business entity
located on qualified property.
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*
Sec. 2. Expedited Effective Date.
*
*
The Council declares that this legislation is necessary for the immediate
protection of the public interest. This Act takes effect July 1,2016.
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o
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LEGISLATIVE REQUEST REPORT
Expedited Bill 21-16
Property Tax Credit Burtonsville Enterprise Zone Property Personal Property
DESCRIPTION:
Bill 21-16 would allow a property
tax
credit for certain personal
property owned by certain business entities located in the Burtonsville
Crossroads Neighborhood Plan
The state law authorizing the County
to
adopt a this
tax
credits allows
the credit to extend to personal property owned by an eligible business
entity located on qualified property.
To mirror the state law authorizing the credit.
PROBLEM:
GOALS
AND
OBJECTIVES:
COORDINATION: Finance
FISCAL IMPACT: To be requested
ECONOMIC
IMPACT:
EVALUATION:
EXPERIENCE
ELSEWHERE:
SOURCE OF
INFORMATION:
To be requested
To be researched.
To be researched.
Amanda
Mihill,
Legislative Attorney, 240-777-7815
APPLICATION
N/A
WITIDN
MUNICIPALITIES:
PENALTIES:
NIA
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