24

LAWS OF MARYLAND

[Ch. 1

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.

(C)     THE COUNTIES AND BALTIMORE CITY MAY PROVIDE
FOR A TAX CREDIT ADDITIONAL TO THE CREDIT PROVIDED IN
SUBSECTIONS (A) AND (D) OF THIS SECTION AND THE
ADDITIONAL CREDIT MAY TAKE THE FORM OF AN INCREASE IN THE
AMOUNT OF CREDIT PROVIDED IN SUBSECTION (A) OR (D) , OR A
LESSENING OR MODIFICATION OF THE CONDITIONS OF INCOME OP
DISABILITY ELIGIBILITY, OR PROCEDURAL REQUIREMENTS
THEREFOR. NO ACTION OF THE COUNTIES OR BALTIMORE CITY
SHALL REDUCE THE AMOUNT OF THE CREDIT PROVIDED BY
SUBSECTIONS (A) AND (D) OF THIS SECTION OR IMPOSE ANY
LESS INCLUSIVE OR FURTHER CONDITIONS OF ELIGIBILITY
THEREFOR OR MORE STRINGENT OR FURTHER PROCEDURAL
REQUIREMENTS THEREFOR.

(D)    NOTWITHSTANDING THE CREDIT PROVIDED FOR IN
SUBSECTION (A) OF THIS SECTION, THE FOLLOWING PROVISIONS
SHALL BE APPLICABLE IN THE COUNTIES INDICATED AND SHALL
BE CONSIDERED AS PART OF THE MINIMUM TAX CREDIT. THE
PROVISIONS OF THIS SUBSECTION SHALL PREVAIL OVER ANY
CONFLICT WITH A PROVISION IN SUBSECTION (A) OF THIS
SECTION.

(1)    ANNE ARUNDEL COUNTY. CREDIT SHALL BE ALLOWED
FOR AN APPLICANT, OTHERWISE ELIGIBLE, WHOSE COMBINED
GROSS INCOME IS LESS THAN $8,000.

(2)    BALTIMORE COUNTY. CREDIT SHALL BE ALLOWED FOR
AN APPLICANT, OTHERWISE ELIGIBLE, WHOSE COMBINED GROSS
INCOME IS NOT IN EXCESS OF $7,000 AND CREDIT SHALL EQUAL
50% OF THE ASSESSED VALUATION OF THE DWELLING OR $5,000,
WHICHEVER IS THE LESSER AMOUNT MULTIPLIED BY THE COUNTY
TAX RATE.

(3)

HOWARD COUNTY.

CREDIT SHALL BE ALLOWED FOR AN