SB 627, sponsored by Senator Madaleno, proposes to allow property tax caps to be ignored if in certain special taxing districts. The increase in taxes is to pay for state or county transportation improvements.
(B) NOTWITHSTANDING § 6–302 OF THIS SUBTITLE, THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE GOVERNING BODY OF A COUNTY MAY SET SPECIAL RATES IN A SPECIAL TAXING DISTRICT FOR ANY CLASS OF PROPERTY THAT IS SUBJECT TO THE COUNTY PROPERTY TAX.
(C) IN EXERCISING THE AUTHORITY GRANTED UNDER SUBSECTION (B) OF THIS SECTION AND NOTWITHSTANDING § 6–302 OF THIS SUBTITLE, § 5–104 OF THE EDUCATION ARTICLE, OR ANY PROVISION OF A COUNTY CHARTER THAT PLACES RESTRICTIONS ON THAT COUNTY’S PROPERTY TAX RATE, RATE SETTING, OR REVENUES, THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE GOVERNING BODY OF A COUNTY MAY SET A PROPERTY TAX RATE THAT IS HIGHER THAN THE COUNTY TAX LIMITATION.
(D) SUBJECT TO THE ANNUAL BUDGET AND APPROPRIATION PROCESSES OF THE CITY OF BALTIMORE AND EACH COUNTY, ANY REVENUE ATTRIBUTABLE TO A SPECIAL RATE FOR ANY CLASS OF PROPERTY UNDER SUBSECTION (B) OF THIS SECTION SHALL BE DISTRIBUTED FOR THE PURPOSE OF FINANCING THE COST OF STATE TRANSPORTATION IMPROVEMENTS OR COUNTY TRANSPORTATION IMPROVEMENTS.
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