5366

COUNTY LOCAL LAWS

ADJUSTED AT THE TIME OF SETTLEMENT FOR THE PROPERTY
BETWEEN THE SELLER AND THE PURCHASER. THE SELLER OF THE
UNIT SHALL RECEIVE CREDIT ONLY FOR THAT PROPORTION OF THE
TAX CREDIT WHICH HAS PERIOD OF OWNERSHIP OF THE UNIT
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
DIRECTOR OF FINANCE AND SHALL BE DEPOSITED INTO GENERAL
FUNDS OF THE COUNTY.

9.    ONLY ONE TAX CREDIT AS PROVIDED HEREIN SHALL
BE ALLOWED ANNUALLY ON ANY GIVEN UNIT. ANY PERSON SEEKING
SUCH CREDIT SHALL ANNUALLY MAKE APPLICATION THEREFOR TO
THE DIRECTOR OF FINANCE OR HIS DESIGNEE. TO BE ELIGIBLE
FOR A TAX CREDIT, THE APPLICANT SHALL FURNISH SUCH
INFORMATICS IN SUCH FORM AS SHALL BE REQUIRED BY THE
DIRECTOR OF FINANCE. THE APPLICATION SHALL BE SUBMITTED
TO THE DIRECTOR ON OF BEFORE SEPTEMBER 1 OF THE TAXABLE
YEAR FOR WHICH APPLICATION FOR TAX CREDIT IS MADE.
PROVIDED, HOWEVER, AN APPLICATION FOR A TAX CREDIT FOR
THE TAXABLE YEAR 1973, BEGINNING JULY 1, 1973, SHALL BE
SUBMITTED TO THE DIRECTOR OF FINANCE NOT LATER THAN
FEBRUARY 1, 1974. IN CASES OF SICKNESS, ABSENCE OR OTHER
DISABILITY, OR IF, IN THE JUDGEMENT OF THE DIRECTOR OF
FINANCE, GOOD CAUSE EXISTS, THE DIRECTOR WAY EXTEND FOR A
PERIOD NOT TO EXCEED SIX MONTHS THE TIME FOR FILING A
CLAIM.

AFTER RECEIPT AND REVIEW OF THE APPLICATION FOR TAX
CREDIT AS PROVIDED HEREUNDER, THE DIRECTOR OF FINANCE
SHALL EITHER APPROVE OF; DISAPPROVE THE APPLICATION AND
SHALL, WITHIN THIRTY (30) DAYS THEREAFTER, NOTIFY THE
APPLICANT IN WRITING OF SUCH DECISION.

ANY PERSON AGGRIEVED BY THE DECISION OF THE DIRECTOR
OF FINANCE SHALL HAVE THE RIGHT TO APPEAL TO THE PROPERTY
TAX ASSESSMENT APPEAL BOARD FOR MONTGOMERY COUNTY, WHICH
APPEAL SHALL BE IN WRITING AND SHALL CONTAIN A STATEMENT
OF THE CONTENTION OF THE AGGRIEVED PERSON. NO DEMAND FOR
A HEARING SHALL BE GRANTED IN A MATTER ARISING HEREUNDER
UNLESS SUCH DEMAND IS FILED WITH THE PROPERTY TAX
ASSESSMENT APPEAL BOARD WITHIN THIRTY (30) DAYS FROM THE
DATE OF THE NOTICE OF DECISION BY THE DIRECTOR OF
FINANCE. IF A HEARING IS CONDUCTED, PROCEEDINGS SHALL BE
INFORMAL AND ANY INTERESTED PARTY SHALL HAVE THE RIGHT TO
SUBMIT ORAL OR WRITTEN TESTIMONY OR DOCUMENTARY EVIDENCE
WITHOUT REGARD TO TECHNICAL RULES OF EVIDENCE.

10.    THE TERM "OWNER" AS USED HEREIN IS DEFINED AS
EVERY PERSON WHO ACTUALLY OCCUPIES A UNIT OF A
COOPERATIVE AND IS THE OWNER OF A MEMBERSHIP IN A
COOPERATIVE.

"TOTAL INCOME" MEANS TOTAL INCOME FROM ALL SOURCES,