The Government Operations and Fiscal Policy (GO) Committee will meet on Thursday, July 9 at 9:30 a.m. to review Bill 15-26, Taxation – Property Tax Credits – Habitat for Humanity Rehabilitations, and Bill 21-26, Employee Retirement System – Savings and Benefits – Amendments.
The members of the GO Committee include Chair Kate Stewart and Councilmembers Shebra Evans and Sidney Katz.
More detail on the agenda item is provided below.
Bill 15-26, Taxation – Property Tax Credits – Habitat for Humanity Rehabilitations
Advertisement
Review: The GO Committee will review Bill 15-26, Taxation – Property Tax Credits – Habitat for Humanity Rehabilitations, which would create a tax credit for properties owned by Habitat for Humanity with the purpose of rehabilitating and transferring to a new owner in the near future.
In 2010, the Maryland General Assembly authorized a tax credit for certain properties owned by Habitat for Humanity entities intended for rehabilitation and conveyance. In 2011, the Maryland General Assembly expanded the authorization to include properties being developed for the same purpose. Bill 15-26 implements the tax credit in Montgomery County.
Bill 15-26 would mandate, beginning in the tax year of July 1, 2027, a 100 percent tax credit for all properties intended to be relinquished in the near future; used for development, rehabilitation, and transfer to a private owner; and owned by Humanity Metro Maryland, Inc., an entity wholly owned by Habitat for Humanity Metro Maryland, Inc., or another Habitat for Humanity affiliate operating in Montgomery County. The bill establishes an application process for the tax credit and requires an annual report from entities granted the tax credit. The bill further clarifies that the credit is only for the period in which a property meets the eligibility requirements.
Councilmember Andrew Friedson is the lead sponsor. All Councilmembers have cosponsored the legislation. A public hearing was held on June 16.
Bill 21-26, Employee Retirement System – Savings and Benefits – Amendments
Advertisement
Review: The GO Committee will review Bill 21-26, Employee Retirement System – Savings and Benefits – Amendments. The lead sponsor is the Council President at the request of the County Executive. The bill would implement negotiated changes to the County’s retirement system affecting multiple employee groups, including correctional health nurses, emergency communications and correctional personnel and members of Local 1994 bargaining units, by updating eligibility rules, retirement and plan provisions and contribution rates consistent with the collective bargaining agreement effective July 1, 2026, through June 30, 2029. A public hearing was held on June 9.
Committee Meetings and Agendas
The Committee meeting schedule may change from time to time. View the current Council and Committee agendas, Council staff reports and additional information on items scheduled for Council review on the Council website.
Council and committee meetings are streamed live on the Council’s web page via YouTube and on Facebook Live and can be watched on County Cable Montgomery on Xfinity/RCN 6 HD 996/1056, Fios 30, and on the CCM live stream.
Read the original article at mcgov