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

From the Legislature

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 or a designated agency to make a certain report to the President of the Baltimore City Council regarding the program.