Baltimore Committee OKs Tax Break Plan For $1.3B Project

Law360, New York (September 6, 2012, 4:51 PM EDT) -- A Baltimore City Council committee gave an important preliminary nod Wednesday for a plan to insert the majority of a proposed $1.3 billion mixed-use development, which will include Exelon Corp.'s new office headquarters, into a special tax break zone.

The City Council's taxation, finance and economic development committee approved a plan that would put several parcels in the Harbor Point project in Baltimore's consolidated enterprise zone — making it eligible for tax incentives. With the nod, the proposal now heads to the City Council and state...
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