1232                             Laws of Maryland                      [Ch. 576

336.

It is unlawful for any person to take or catch terrapin for com-
mercial purposes unless that person has in possession a license per-
mitting taking or catching of terrapin issued by the Fish and Wild-
life Administration. The fee for issuance and annual renewal of the
license shall be five dollars ($5.00). The Director of the Fish and
Wildlife Administration may SHALL adopt regulations governing
the taking or catching of terrapin and the conservation of the ter-
rapin resource, ESPECIALLY TAKING INTO CONSIDERATION
THE ESTABLISHMENT OF A SEASON AND LEGAL SIZE.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved May 17, 1971.

CHAPTER 576
(House Bill 974)

AN ACT to add new Section 12F(d) to Article 81 of the Annotated
Code of Maryland (1969 Replacement Volume), title "Revenue
and Taxes," subtitle "What Shall Be Taxed and Where," to follow
immediately after Section 12F(c) thereof, to provide for a tax
credit for certain members of cooperatives in Montgomery County
by reason of age and income.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 12F(d) is hereby added to Article 81 of the Anno-
tated Code of Maryland (1969 Replacement Volume), title "Revenue
and Taxes," subtitle "What Shall Be Taxed and Where," to follow
immediately after Section 12F(c) thereof and to read as follows:

12F(d). Tax Credit for Owners of a Membership in a Cooperative
by Reason of Age and Income in Montgomery County.

There shall be allowed upon the application of any owner of a
membership in a cooperative in Montgomery County who shall have
attained the age of 65 years by July 1, which is the first day of the
taxable year for which the credit is sought, or there may be allowed
upon the application of any owner of a membership in a cooperative
who has not attained the age of 65 years and who received benefits
as a result of a finding of permanent and total disability under the
Social Security Act, and who has occupied a unit of the cooperative
as his principal place of residence during the taxable year, and whose
combined gross income, as the case may be, shall not be in excess of
five thousand dollars ($5,000) for the calendar year immediately
preceding the fiscal year of application, a single tax credit FROM
SUBDIVISION REAL PROPERTY TAXES to be applied on behalf
of such member to the cooperative's real property assessment. Such
tax credit shall be equal FIFTY PERCENTUM (50%) OF THE AS-
SESSED VALUE OF THE UNIT OF THE COOPERATIVE OR to
four thousand dollars ($4,000) multiplied by the applicable tax assess-
ment rate, WHICHEVER IS THE LESSER AMOUNT MULTI-