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Bill > HB444
MD HB444
MD HB444Prince George's County - Payment in Lieu of Taxes Agreements - Low-Income Housing PG 403-23
summary
Introduced
01/30/2023
01/30/2023
In Committee
04/07/2023
04/07/2023
Crossed Over
03/20/2023
03/20/2023
Passed
04/10/2023
04/10/2023
Dead
Signed/Enacted/Adopted
04/24/2023
04/24/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT concerning Prince George’s County - Payment in Lieu of Taxes Agreements - Low-Income Housing PG 403-23 FOR the purpose of authorizing the governing body of Prince George’s County to enter into a payment in lieu of taxes agreement with an owner of real property that is used for low-income housing that is financed through the county’s Right of First Refusal program or acquired, constructed, or rehabilitated for the purpose of operating the low-income housing; and generally relating to payment in lieu of taxes agreements for low-income housing in Prince George’s County. BY repealing and reenacting, with amendments, Article - Tax - Property Section 7-506.3 Annotated Code of Maryland (2019 Replacement Volume and 2022 Supplement)
AI Summary
This bill authorizes the governing body of Prince George's County to enter into a payment in lieu of taxes (PILOT) agreement with the owner of real property used for low-income housing. The property must be financed through the county's Right of First Refusal program or acquired, constructed, or rehabilitated for the purpose of operating low-income rental housing. The owner and the county must agree on a negotiated amount to be paid in lieu of the applicable county property tax, and the owner must agree to maintain the property as rental housing for lower-income individuals for at least 5 years.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
Approved by the Governor - Chapter 208 (on 04/24/2023)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0444?ys=2023RS |
| BillText | https://mgaleg.maryland.gov/2023RS/Chapters_noln/CH_208_hb0444t.pdf |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/hb0444_b&t.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0444t.pdf |
| Favorable with Amendments 263126/1 Adopted | https://mgaleg.maryland.gov/2023RS/amds/bil_0004/hb0444_26312601.pdf |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/hb0444_w&m.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0444f.pdf |
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