CHAPTER 24A

REFUND OF EXCESS SPECIAL TAXING DISTRICT REVENUES

24A-1.  Definitions.

24A-2.  Refund of special assessment tax levies.

24A-3.  Interest.

24A-4.  Calculation of refund.

Section 24A-1:  Definitions.

(a) "Excess special taxing district revenues." Revenues produced from an annual levy within a special taxing district in excess of one hundred fifteen percent (115%) of the amount budgeted and appropriated in the Annual Budget Ordinance to retire the debt on bonds, notes or other evidences of indebtedness and to maintain and operate the activities and facilities funded by the special district taxes.

(b) "Special Taxing District." A special district created by Ordinance of the Council of the City of Bowie, Maryland in accordance with the authority contained in Sections 88 and 89 of the Charter of the City of Bowie, Maryland, and Article 23A, Section 44 of the Annotated Code of Maryland.

Return

Section 24A-2.  Refund of Special Assessment Tax Levies.

The Council shall authorize the refund of excess special taxing district revenues upon making the following findings:

1.  An application for a refund has been submitted to the Director of Finance.

2.  The revenues produced by the special district tax levy exceed One Hundred Fifteen Percent (115%) of the budgeted and appropriated  expenditures for the facilities and activities financed by the special district tax.

3.  The refund of excess special taxing district revenues will not impair the fiscal stability and integrity of the special taxing district and the facilities and activities funded thereby.

4.  The refund to be made is from tax payments actually received by the City.

5.  The taxpayer who has applied for the refund has paid all sums owed by that taxpayer to the City for any reason, including interest and penalties, if any.

6.  The City Manager and City Director of Finance have recommended that the refund be made.

Return

Section 24A-3.  Interest.

No interest shall be paid on any refund authorized for excess special district taxes.

Return

Section 24A-4.  Calculation of Refund.

The Director of Finance will calculate the refund authorized by this Chapter so that, upon proper application and approval, each taxpayer entitled to a refund will receive an amount which bears the same proportion to the total special taxing district excess revenues as the taxpayer's assessable base bears to the total assessable base of the special taxing district.

Return