WILLIAM DONALD SCHAEFER, Governor Ch. 12
the lot or curtilage on which the house is erected; and

2. B. actually occupied or expected to be actually occupied

by the homeowner for more than 6 months of a 12-month period beginning with the
date of finality for the taxable year for which the property tax credit under this section
is sought; AND

2. THE LOT OR CURTILAGE ON WHICH THE HOUSE
IS ERECTED.

(ii) "Dwelling" includes:

1. a condominium unit that is occupied by an individual who
has a legal interest in the condominium;

2. an apartment in a cooperative apartment corporation that is
occupied by an individual who has a legal interest in the apartment; and

3. a part of real property used other than primarily for

residential purposes, if the real property is used as a principal residence by an
individual who has a legal interest in the real property.

(3) "Gross income" has the meaning stated in § 9 104 of this subtitle.

(4) (3) "Homeowner" means an individual who has a legal interest in a
dwelling.

(5) (4) "Legal interest" means an interest in a dwelling:
(i) as a sole owner;
(ii) as a joint tenant;
(iii) "as a tenant in common;
(iv) as a tenant by the entireties;
(v) through membership in a cooperative;

(vi) under a land installment contract, as defined in § 10-101 of the
Real Property Article; or

(vii) as a holder of a life estate.

(6) (5) "Taxable assessment" means the assessment on which the county
STATE, COUNTY, or municipal corporation property tax rate was imposed in the
preceding taxable year less the amount of any assessment on which a property tax credit
under this section is authorized.

(7) "3 YEAR CYCLE" HAS THE MEANING STATED IN § 8 103 OF
THIS ARTICLE.

(b) If there is an increase in property assessment as calculated under this
section, the STATE AND THE governing body of each county and of each municipal

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