HB 1232: Baltimore City - Economic Development Project in Downtown RISE District - Payment in Lieu of Taxes

Summary

Exempting an economic development project located in a certain area of downtown Baltimore City from Baltimore City property taxes if the owner of the economic development project and the Baltimore City Board of Estimates enter into a payment in lieu of taxes agreement and certain other requirements are met; and requiring by January 1 each year, the City of Baltimore to report to the City Council and the General Assembly an analysis of the economic development projects for which the City entered into a payment in lieu of taxes agreement.

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Apr 14, 2026

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