Baltimore City - Economic Development Project in Downtown RISE District - Payment in Lieu of Taxes
Approved by the Governor - Chapter 145
Legislative status
- Introduced
- In Committee
- Reported by Committee
- Floor Vote Scheduled
- Passed One Chamber
- Passed Both Chambers
- Sent to Executive
- Signed into Law
Summary
The bill lets owners of new or renovated commercial or multifamily projects in the Downtown RISE District avoid Baltimore city property taxes if they sign a payment‑in‑lieu‑of‑taxes (PILOT) agreement with the Board of Estimates. It also requires the city to report each year on those projects, the jobs they create, and the tax revenue they generate. The measure is intended to spur development while providing transparency on economic impact.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Ask about HB 1232
3 free questions a day, no accountHearings
- Budget and Taxation — Bill HearingBudget and Taxation · Mar 24, 2026
- Ways and Means — Bill HearingWays and Means · Mar 3, 2026
History
- Approved by the Governor - Chapter 145
- Third Reading Passed
- Passed Enrolled
- House Concurs Senate Amendments
- Third Reading Passed
- Second Reading Passed with Amendments
- Favorable with Amendments Report by Budget and Taxation
- Favorable with Amendments {
- Hearing 3/24 at 1:00 p.m.
- Referred Budget and Taxation
- Third Reading Passed
- Favorable Report by Ways and Means
The 12 most recent of 15 recorded actions.
Sponsors
- Mark Edelson (D) · sponsor
- Amprey
- Baltimore City Administration
- Boyce
- Edelson
- Embry
- Lewis
- Stinnett
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