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Baltimore administration seeks authority for up to 2% local sales tax to fund property tax relief
Summary
Baltimore City officials told the House Ways and Means Committee that House Bill 1508 would authorize a local sales tax of up to 2% and could be used to reduce the city’s heavy reliance on property taxes, fund infrastructure and address vacant properties.
Baltimore City Administrator Faith Leach asked the House Ways and Means Committee on March 11 to give the city authority to impose a local sales tax of as much as 2% under House Bill 1508. Leach said each percentage point of the sales tax would generate roughly $69.3 million annually and that a 2% cap would let the city raise revenue locally to reduce the burden on homeowners.
Leach told Chair Atterberry, Vice Chair Wilkins and committee members that Baltimore currently draws about 49% of its general fund from property taxes and 0% from local…
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