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BILL INFORMATION
PG 408-20: Prince George’s County – Payment in Lieu of Taxes Agreements – Multiphase Economic Development Projects and Sunset Repeal
Requested By:
County Executive
Synopsis
FOR the purpose of authorizing the owner of an economic development project and the governing body of Prince George’s County to enter into multiple payment in lieu of taxes agreements for different phases of an economic development project; providing that the term of an agreement may not exceed a certain number of years from the date a certificate of occupancy is first issued for any phase of a project that is covered by an agreement; providing that construction of any phase of a project that is covered by an agreement must commence within a certain period of time after entering into the agreement; providing that all conditions for the financing required for the construction of a phase of a project must be satisfied or waived within a certain period of time after entering into the agreement; repealing the termination provision for certain provisions of law authorizing Prince George’s County to enter into payment in lieu of taxes agreements for certain economic development projects; and generally relating to payment in lieu of taxes agreements in Prince George’s County.
2/11/20: Ways and Means – 1:00 p.m
2/12/20: County Affairs – FAV
2/14/20: Prince George’s County Delegation – S/O
2/22/20: Prince George’s County Delegation – FAV
3/12/20: Ways and Means – Favorable with Amendments
3/12/20: House – Second Reading
3/14/20: House – Third Reading
3/18/20: Senate – Budget and Taxation
3/18/20: Senate – Second Reading
3/18/20: Senate – Third Reading
3/18/20: House – Returned Passed
Enacted under Article II, Section 17(c) of the Maryland Constitution – Chapter 206