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

Summary

The bill lets owners of new or rehabilitated commercial or multifamily projects in the downtown RISE district avoid Baltimore property taxes if they enter a PILOT deal with the City Board of Estimates. It also requires the city to report each year on the projects, jobs created, and tax benefits. The goal is to spur investment while tracking economic impact.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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