S0352B1021A02753 MSP:CDM 09/16/19 #90 A02753
AMENDMENTS TO SENATE BILL NO. 352
Sponsor: SENATOR J. WARD
Printer's No. 1021
Amend Bill, page 7, by inserting between lines 5 and 6
(f) Rescinding blighted area designation.--A local taxing
authority may rescind an ordinance or resolution adopted under
subsection (a) if the local taxing authority determines that the
tax exemption in the deteriorated area within the boundaries
established under subsection (b) have accomplished the goal of
revitalizing the deteriorated area. Property granted tax
exemption within the boundaries of the deteriorated area prior
to the ordinance or resolution being rescinded shall continue to
receive the tax exemption granted until the tax exemption is
terminated under section 5(b).
2019/90MSP/SB0352A02753 - 1 -
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See A02753 in
the context
of SB0352