MD
Maryland Senate Bill SB138

Maryland 2024 Regular Session

Maryland Senate Bill SB138 Compare Versions

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33 EXPLANATION: CAPITALS INDICATE MATTER ADDE D TO EXISTING LAW .
44 [Brackets] indicate matter deleted from existing law.
5- Underlining indicates amendments to bill.
6- Strike out indicates matter stricken from the bill by amendment or deleted from the law by
7-amendment.
85 *sb0138*
96
107 SENATE BILL 138
118 Q2 4lr0818
129 (PRE–FILED) CF HB 2
1310 By: Senator Hayes
1411 Requested: October 3, 2023
1512 Introduced and read first time: January 10, 2024
1613 Assigned to: Budget and Taxation
17-Committee Report: Favorable with amendments
18-Senate action: Adopted
19-Read second time: February 29, 2024
2014
21-CHAPTER ______
15+A BILL ENTITLED
2216
2317 AN ACT concerning 1
2418
25-Baltimore City – Property Taxes – Authority of Counties to Establish a Subclass 2
26-and Set a Special Rate for Vacant and Abandoned Property 3
19+Baltimore City – Property Taxes – Authority to Set a Special Rate for Vacant 2
20+and Abandoned Property 3
2721
28-FOR the purpose of authorizing the Mayor and City Council of Baltimore City or the 4
29-governing body of a county to establish, by law, a subclass of real property consisting 5
30-of vacant and abandoned property and to set a special property tax rate for certain 6
31-vacant and abandoned property; and generally relating to a special property tax rate 7
32-for vacant and abandoned property. 8
22+FOR the purpose of authorizing the Mayor and City Council of Baltimore City to set a 4
23+special property tax rate for certain vacant and abandoned property; and generally 5
24+relating to a special property tax rate for vacant and abandoned property. 6
3325
34-BY adding to 9
35- Article – Tax – Property 10
36-Section 6–202.1 11
37- Annotated Code of Maryland 12
38- (2019 Replacement Volume and 2023 Supplement) 13
26+BY repealing and reenacting, with amendments, 7
27+ Article – Tax – Property 8
28+Section 6–302 9
29+ Annotated Code of Maryland 10
30+ (2019 Replacement Volume and 2023 Supplement) 11
3931
40-BY repealing and reenacting, with amendments, 14
41- Article – Tax – Property 15
42-Section 6–302 16
43- Annotated Code of Maryland 17
44- (2019 Replacement Volume and 2023 Supplement) 18
32+ SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 12
33+That the Laws of Maryland read as follows: 13
4534
46- SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 19
47-That the Laws of Maryland read as follows: 20
35+Article – Tax – Property 14
36+
37+6–302. 15
38+
39+ (a) Except as otherwise provided in this section and after complying with § 6–305 16
40+of this subtitle, in each year after the date of finality and before the following July 1, the 17
41+Mayor and City Council of Baltimore City or the governing body of each county annually 18
42+shall set the tax rate for the next taxable year on all assessments of property subject to that 19
43+county’s property tax. 20
44+
45+ (b) (1) Except as provided in subsection (c) of this section[,] AND §§ 6–305 and 21
46+6–306 of this subtitle [and § 6–203 of this title]: 22
4847 2 SENATE BILL 138
4948
5049
51-Article – Tax – Property 1
50+ (i) there shall be a single county property tax rate for all real 1
51+property subject to county property tax except for operating real property described in § 2
52+8–109(c) of this article; and 3
5253
53-6–202.1. 2
54+ (ii) the county tax rate applicable to personal property and the 4
55+operating real property described in § 8–109(c) of this article shall be no more than 2.5 5
56+times the rate for real property. 6
5457
55- THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE GOVERNING 3
56-BODY OF A COUNTY MAY ESTABLISH, BY LAW, A SUBCLASS OF REAL P ROPERTY 4
57-CONSISTING OF V ACANT LOTS OR IMPROV ED PROPERTY CITED AS VACANT AND 5
58-UNFIT FOR HABITATION OR OTHER AUTHORIZED USE ON A HOUSING OR BUILDING 6
59-VIOLATION NOTICE . 7
58+ (2) Paragraph (1) of this subsection does not affect a special rate prevailing 7
59+in a taxing district or part of a county. 8
6060
61-6–302. 8
61+ [(c) (1) Intangible personal property is subject to county property tax as 9
62+otherwise provided in this title at a rate set annually, if: 10
6263
63- (a) Except as otherwise provided in this section and after complying with § 6–305 9
64-of this subtitle, in each year after the date of finality and before the following July 1, the 10
65-Mayor and City Council of Baltimore City or the governing body of each county annually 11
66-shall set the tax rate for the next taxable year on all assessments of property subject to that 12
67-county’s property tax. 13
64+ (i) the intangible personal property has paid interest or dividends 11
65+during the 12 months that precede the date of finality; 12
6866
69- (b) (1) Except as provided in subsection (c) of this section[,] AND §§ 6–305 and 14
70-6–306 of this subtitle [and § 6–203 of this title]: 15
67+ (ii) interest or dividends were withheld on the intangible personal 13
68+property during the 12 months that precede the date of finality to avoid the tax under this 14
69+subsection; 15
7170
72- (i) there shall be a single county property tax rate for all real 16
73-property subject to county property tax except for operating real property described in § 17
74-8–109(c) of this article; and 18
71+ (iii) the intangible personal property consists of newly issued bonds, 16
72+certificates of indebtedness, or evidences of debt on which interest is not in default; or 17
7573
76- (ii) the county tax rate applicable to personal property and the 19
77-operating real property described in § 8–109(c) of this article shall be no more than 2.5 20
78-times the rate for real property. 21
74+ (iv) a stock dividend has been declared on the intangible personal 18
75+property during the 12 months that precede the date of finality. 19
7976
80- (2) Paragraph (1) of this subsection does not affect a special rate prevailing 22
81-in a taxing district or part of a county. 23
77+ (2) The county tax rate for the intangible personal property is 30 cents for 20
78+each $100 of assessment.] 21
8279
83- [(c) (1) Intangible personal property is subject to county property tax as 24
84-otherwise provided in this title at a rate set annually, if: 25
85-
86- (i) the intangible personal property has paid interest or dividends 26
87-during the 12 months that precede the date of finality; 27
88-
89- (ii) interest or dividends were withheld on the intangible personal 28
90-property during the 12 months that precede the date of finality to avoid the tax under this 29
91-subsection; 30
92-
93- (iii) the intangible personal property consists of newly issued bonds, 31
94-certificates of indebtedness, or evidences of debt on which interest is not in default; or 32
95- SENATE BILL 138 3
96-
97-
98- (iv) a stock dividend has been declared on the intangible personal 1
99-property during the 12 months that precede the date of finality. 2
100-
101- (2) The county tax rate for the intangible personal property is 30 cents for 3
102-each $100 of assessment.] 4
103-
104- (C) (1) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE 5
105-GOVERNING BODY OF A COUNTY MAY SET A SPECIAL RATE FOR A VACANT LOT OR 6
106-IMPROVED PROPERTY CI TED AS VACANT AND UN FIT FOR HABIT ATION OR OTHER 7
107-AUTHORIZED USE ON A HOUSING OR BUILDING VIOLATION NOTICE . 8
108-
109- (2) ON OR BEFORE DECEMBER 1 EACH YEAR, THE MAYOR AND CITY 9
110-COUNCIL OF BALTIMORE CITY OR THE GOVERNING BODY OF A COUNTY THA T 10
111-ENACTS A SPECIAL RAT E UNDER PARAGRAPH (1) OF THIS SUBSECT ION SHALL 11
112-REPORT TO THE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT AND , 12
113-IN ACCORDANCE WITH § 2–1257 OF THE STATE GOVERNMENT ARTICLE, TO THE 13
114-GENERAL ASSEMBLY ON: 14
115-
116- (I) THE SPECIAL RATE SET UNDER PARAGRAPH (1) OF THIS 15
117-SUBSECTION; 16
118-
119- (II) THE NUMBER OF PROPER TIES TO WHICH THE SP ECIAL RATE 17
120-APPLIES; 18
121-
122- (III) THE REVENUE CHANGE R ESULTING FROM THE SP ECIAL 19
123-RATE; 20
124-
125- (IV) THE USE OF THE REVEN UE FROM THE SPECIAL RATE; AND 21
126-
127- (V) WHETHER PROPERTIES S UBJECT TO THE SPECIA L RATE 22
128-ARE VIABLE FOR ADAP TIVE REUSE, AS DEFINED IN § 1–102 OF THE HOUSING AND 23
129-COMMUNITY DEVELOPMENT ARTICLE, AND PLANS TO CONVERT VIABLE 24
130-PROPERTIES. 25
80+ (C) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY MAY SET A 22
81+SPECIAL RATE FOR A VACANT LOT OR IMPROVED PROPERTY CI TED AS VACANT AND 23
82+UNFIT FOR HABITATION OR OTHER AUTHORIZED USE ON A HOUSING OR BUILDING 24
83+VIOLATION NOTICE . 25
13184
13285 SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 26
13386 1, 2024, and shall be applicable to all taxable years beginning after June 30, 2024. 27
87+
88+