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Ch. 577
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2007 Laws of Maryland
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STATE DURING THE SAME CALENDAR YEAR, IF THE GAS COMPANY, ELECTRIC
COMPANY, OR TELEPHONE COMPANY:
(I) PROVIDES PRIOR WRITTEN NOTICE TO THE
COMMISSION OF THE TRANSACTION; AND
(II) OBTAINS APPROVAL OF THE TRANSACTION FROM THE
ENTITY IN ANOTHER STATE THAT REGULATES THE GAS COMPANY, ELECTRIC
COMPANY, OR TELEPHONE COMPANY.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2007, the effective date of §§ 5-203 and 6-101 of the Public Utility Companies
Article as provided in Section 24 of Chapter 5 of the Acts of the General Assembly of
the First Special Session of 2006. If the effective date of §§ 5-203 and 6-101 of the
Public Utility Companies Article as provided in Section 24 of Chapter 5 is amended,
this Act shall take effect on the taking effect of §§ 5-203 and 6-101 of the Public
Utility Companies Article as provided in Chapter 5 as amended.
Approved by the Governor, May 17, 2007.
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CHAPTER 578
(Senate Bill 827)
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AN ACT concerning
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Baltimore City - Property Tax Credit Exemption - Affordable and
Inclusionary Housing
FOR the purpose of authorizing the Mayor and City Council of Baltimore City to
grant, by law, a property tax credit against the county property tax imposed on
mixed-income rental residential developments providing for certain exemptions
from the Baltimore City property tax under certain circumstances for certain
development projects that offer affordable residential units and are owned by
certain owners; prohibiting the Baltimore City Board of Estimates from
entering into certain agreements if the agreements would result in a certain
reduction in property tax revenues for a taxable year; authorizing the Mayor
and City Council of Baltimore City to provide, by law, for eligibility criteria for
the tax credit, the amount and duration of the tax credit, certain regulations,
requirements, limitations, criteria, and procedures, and any other provision
necessary to carry out the tax credit exemption; providing for the application
and termination of this Act; defining certain terms; and generally relating to
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- 3760 -
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