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

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.

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