Members of the Baltimore City Council made a push for greater transparency in tracking how well development tax incentives work as part of a briefing on the use of such incentives Thursday morning. Tax increment financing (TIF) and Payment in ...

Tagged with: Councilman Bill Henry tax incentives tax increment financing

Baltimore is officially considering legislation to provide the University of Maryland, Baltimore $17 million in Tax Increment Financing and creating a special tax district for its BioPark development. In late September, during a Baltimore Development Corp. meeting the university said it  ...

Tagged with: Baltimore tax incentives University of Maryland BioPark

LARGO — Antiquated tax incentive programs for businesses have not been updated or improved for fear of what would happen once the legislature got involved, according to one top official at the Department of Business and Economic Development. Ursula S. ...

Tagged with: Augustine Commission Maryland General Assembly tax incentives

Payments in Lieu of Taxes, or PILOTs, are incentives given to some developers to encourage building that have become increasingly controversial in Baltimore. The incentives, which essentially allow a developer to pay a set amount of taxes for a certain ...

Tagged with: Baltimore developers pilots tax incentives