4349
MONTGOMERY COUNTY

one percent (1/4%).

BE IT ENACTED BY THE COUNTY COUNCIL FOR MONTGOMERY
COUNTY, MARYLAND, that -

Sec. 1. Subsection (b) of Section 52—21, title
"Levied; Amount", of Chapter 52, title "Finance and
Taxation", of the Montgomery County Code 1972, is hereby
repealed and re—enacted with amendments to read as
follows:

Sec. 52-21. Levied; Amount.

(b) One-half of one percent on the transfer of all
other non—residential real property, subject to the tax,
where the value of the consideration is at least twenty
thousand dollars but less than thirty—five thousand
dollars. There shall be no transfer tax levied on the
transfer of residential property where the value of the
consideration is less than twenty—five thousand dollars
($25,000). In the case of residential real property
where the value of the consideration is at least
twenty—five thousand dollars ($25,000) but less than
thirty-five thousand dollars ($35,000) the transfer tax
rate shall be one—quarter of one percent (1/4%) .

Sec. 2. Effective date.

This Act shall take effect on the 76th day following
the date on which it becomes law.

Approved June 29, 1973.

Chapter 35

AN ACT to repeal and re—enact with amendments Section
52—11, title "Tax Credits for Persons Over
Sixty-five Years of Age", of Chapter 52, title
"Taxation", of the Montgomery County Code 1972, to
provide, pursuant to Section 12D of Article 81,
Annotated Code of Maryland, 1972 Supplement,
additional real property tax credits for homeowners
over 65 years of age or disabled; to specify the
qualifications and conditions for application for
and receipt of such additional tax credits; and to
define the terms "homeowner", "total income", and
"combined total income" for the purposes of this
Act.

BE IT ENACTED BY THE COUNTY COUNCIL FOR MONTGOMERY