22

LASS OF MARYLAND

[Ch. 1

THE COUNTY OR BALTIMORE CITY OFFICIAL SHALL ISSUE A
REFUND EQUAL TO AN AMOUNT BY WHICH THE REAL PROPERTY TAX
PAYMENT EXCEEDS THE PROPERTY TAX LIABILITY.

(I) EACH MONTH OR MORE FREQUENTLY, IF APPROPRIATE,
THE COUNTY OR BALTIMORE CITY OFFICIAL SHALL SUBMIT A
REPORT TO THE DEPARTMENT OF ASSESSMENTS AND TAXATION
REQUESTING REIMBURSEMENT FOR AN AMOUNT EQUAL TO THE
DIFFERENCE BETWEEN THE AMOUNT OF THE TOTAL REAL PROPERTY
TAXES LEVIED ON THE ELIGIBLE HOMEOWNERS AND THE TOTAL
AMOUNT OF THE PROPERTY TAX LIABILITY AS REFLECTED IN
REDEEMED CERTIFICATES OF ELIGIBILITY. THE DEPARTMENT OF
ASSESSMENTS AND TAXATION SHALL CERTIFY TO THE COMPTROLLER
WITHIN 5 WORKING DAYS AFTER RECEIPT OF A REPORT THE
AMOUNT OF REIMBURSEMENT DUE EACH COUNTY AND BALTIMORE
CITY. WITHIN FIVE WORKING DAYS THE COMPTROLLER SHALL
MAKE THE PAYMENT TO EACH COUNTY AND BALTIMORE CITY.

(J) THE STATE DEPARTMENT OF ASSESSMENTS AND
TAXATION SHALL PROMULGATE RULES AND REGULATIONS TO
IMPLEMENT THIS SUBTITLE. THE HOMEOWNER SHALL BE GIVEN
NOTICE OF THE POSSIBLE CREDIT UNDER THIS SECTION AT THE
TIME THE TAX BILL IS SENT TO THE TAXPAYER.

(K) NOTWITHSTANDING ANY PROVISION OF SECTION 300
OF THIS ARTICLE, THE COMPTROLLER SHALL SUPPLY TO THE
DEPARTMENT, UPON APPLICATION, THE INFORMATION TO AID
VERIFICATION OF INCOME, OR NET WORTH, AS THE CASE MAY BE,
AS STATED IN THE APPLICATION.

12F-2.

(A)            BEGINNING WITH THE 1975-1976 TAXABLE YEAR AND
EACH YEAR THEREAFTER, IF THE CREDIT AUTHORIZED UNDER
SECTION 12F-1 OF THIS ARTICLE IS LESS THAN THE CREDIT,
INCLUDING MUNICIPAL TAX CREDITS, IF ANY, WHICH WAS
RECEIVED IN THE 1974-1975 TAXABLE YEAR, THE HOMEOWNER
SHALL RECEIVE A CREDIT EQUAL TO THE CREDIT RECEIVED IN
THE 1974-1975 TAXABLE YEAR.

(B)            THE STATE SHALL REIMBURSE THE COUNTIES AND
BALTIMORE CITY ONLY FOR THE AMOUNT THE HOMEOWNER WOULD
HAVE RECEIVED UNDER SECTION 12F-1 OF THIS ARTICLE. THE
COST OF ANY ADDITIONAL CREDIT PROVIDED TO THE TAXPAYER
SHALL BE FUNDED BY THE COUNTIES, BALTIMORE CITY, OR
MUNICIPAL CORPORATION, AS APPROPRIATE. THE PROCEDURE FOP
STATE REIMBURSEMENT SHALL BE AS PROVIDED IN SECTION 12F-1
OF THIS ARTICLE.

12F-3.

(A) THE COUNTIES AND BALTIMORE CITY MAY GRANT A
TAX CREDIT FROM REAL PROPERTY TAXATION FOR COUNTY OR
BALTIMORE CITY PURPOSES FOR CERTAIN HOMEOWNERS BY REASON