2584                                          LAWS OF MARYLAND                      [Ch. 750

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 does not exceed $5000 for the calendar year
immediately preceding the fiscal year of application,
shall be allowed a single tax credit from the county's
real property taxes on the dwelling for which the
application for the tax credit is made. This tax credit
shall equal 50% of the assessed value of the dwelling or
$4,000, whichever is the lesser amount, multiplied by the
applicable county tax rate. Application for a tax credit
shall be as provided in § 49C of this article.

(c—2) In Wicomico and Worcester counties, in
addition to the mandatory tax credit provision in
subsection (c) of this section, any homeowner who has not
attained the age of 65 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 including social
security and railroad retirement benefits does not exceed
$5,000 for the calendar year immediately preceding the
fiscal year of application, shall be allowed a single tax
credit from the county's real property taxes on the
dwelling for which the application for the tax credit is
made. This tax credit shall equal 50% of the assessed
value of the dwelling or $4,000, whichever is the lesser
amount, multiplied by the applicable county tax rate.
Application for a tax credit shall be as provided in §
49C of this article.

(d) 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 per centum (50%) of
the assessed value of the unit of the cooperative or to
four thousand dollars ($4,000) whichever is the lesser
amount multiplied by the applicable subdivision tax rate.
For purposes of this section, the percentage of the real
property tax assessed by a cooperative against any member