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DE HB32

Bill

Official Source

Status

Passed

3/28/2017

Primary Sponsor

Timothy Dukes

Click for details

Origin

House of Representatives

149th General Assembly

AI Summary

  • Amends the Town of Laurel's charter to authorize tax abatements on property improvements within the Downtown Development District

  • Requires a minimum improvement investment of $15,000 to qualify for the tax abatement

  • Tax abatement period lasts five years for approved properties in all zoning categories within the district

  • Two-thirds vote of all elected Town Council members required to approve each tax abatement

  • Property and business owners must be current on all town taxes and fees to qualify for the abatement

Legislative Description

An Act To Amend The Charter Of The Town Of Laurel Relating To Tax Exemption For Certain Properties Located Within Downtown Development District.

Last Action

Signed by Governor

3/28/2017

Committee Referrals

Judicial & Community Affairs1/19/2017
Administration1/11/2017

Full Bill Text

No bill text available