MARVIN MANDEL, Governor                            2583

application for credit. A homeowner or homeowners may
claim credit on only one such dwelling. The
administrative unit or official administering the program
may qualify a homeowner otherwise eligible for the tax
credit if he does not actually reside in the dwelling the
required time period for reason of illness or need of
special care. When any property which is owned by a
person who is entitled to a tax credit under this section
is sold to a purchaser, the tax credit shall be
terminated as of the date of transfer of the property
between the parties. The total amount of any tax credit
shall be included in the amount of ordinary taxes which
were paid by the seller of the property and which are
adjusted at the time of settlement for the property
between the seller and the purchaser. The seller of the
property shall receive credit only for that proportion of
the tax credit which his period of ownership of the
property during the taxable year in which the transfer
occurs bears to the entire taxable year. The remaining
portion of the tax credit shall be paid by the seller to
the county in which the property is located and shall be
deposited into general funds of the county.
"Subdivision" means any county of the State of Maryland,
or the City of Baltimore.

(c) There shall be allowed upon the application of
any homeowner who shall have attained the age of sixty
years for Baltimore County or sixty—five years for the
other subdivisions of the State by the 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 homeowner who has not attained the age of sixty—five
years and who receives benefits as a result of a finding
of permanent and total disability under the Social
Security Act or under the Railroad Retirement Act, and
whose gross income, or whose combined gross income, as
the case may be, shall not be in excess of seven thousand
dollars ($7,000) in Baltimore County or five thousand
dollars ($5,000.00) for the other subdivisions of the
State for the calendar year immediately preceding the
fiscal year of application, a single tax credit from
subdivision real property taxes upon the dwelling for
which application for tax credit is made, which tax
credit shall equal 50% of the assessed value of such
dwelling or, in Baltimore County, five thousand dollars
($5,000), and in the other subdivisions, four thousand
dollars ($4,000.00), whichever is the lesser amount,
multiplied by the applicable subdivision tax rate.
Application for tax credit shall be as provided in § 49C
of this article.

(c—1) In Howard County, in addition to the mandatory
tax credit provisions in subsection (c) of this section,
any homeowner who has not attained the age of 65 years