SALISBURY – Legislation for a tax incentive program will move forward to a public hearing.
On Tuesday, the Wicomico County Council voted 4-3 to introduce legislation that would create a tax credit for new hotel and multi-family development.
Earlier this year, the Maryland General Assembly passed enabling legislation to give all municipalities in Wicomico County – and Wicomico County as a whole – the ability to establish a property tax credit for hotel and multi-family development projects. And late last month, the City of Salisbury passed its own HORIZON (Hotel and Residential Incentive Zone) program, which is expected to incentivize large-scale development projects in the downtown area through reduced property taxes.
Earlier this month, however, city officials came before the county council with a request to adopt a similar program that would spur further development in downtown Salisbury. The county’s proposed incentive program would offer multi-family and hotel developers reduced property taxes on improved lots before gradually increasing over 10 years.
“This is not a tax giveaway,” Councilman John Cannon said earlier this month. “We’re not giving away one dollar of current taxes Wicomico County currently collects. What we’re doing is trying to give relief only to the improved investment value of those properties.”
Time for Cannon to go. He acts like a Democrat by the way he votes. He was voted in to act like a Republican but he’s the farthest thing from it. His true democrat colors are showing real bright. Time for him, McCain, “I don’t know what’s going on Davis” and Hastings to go.
“multi-family development”
You idiots are barreling down the road to guaranteed ghetto, as if we are not already 70% there.
This place needs single family homes. period.
““This is not a tax giveaway,” Councilman John Cannon said earlier this month. “We’re not giving away one dollar of current taxes Wicomico County currently collects. What we’re doing is trying to give relief only to the improved investment value of those properties.””
Anyone buying this azzhole’s analogy?
Shit if it isn’t a tax giveaway.
“relief”? Complete and utter BS
“improved investment value on the back of every single taxpayer to line the pockets of the slum lords.”
Hotel ? For what ?