2278

LAWS OF MARYLAND

Ch. 837

BY repealing and reenacting, with amendments,

Article 81 — Revenue and Taxes

Section 12F-1(b)(1)

Annotated Code of Maryland

(1975 Replacement Volume and 1975 Supplement)

BY adding to

Article 81 — Revenue and Taxes

Section 12F-2

Annotated Code of Maryland

(1975 Replacement Volume and 1975 Supplement)

BY adding to

Article 81 — Revenue and Taxes

Section 312(n-1)

Annotated Code of Maryland

(1975 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 12F-2, 12F-3 and 49C of Article
81 - Revenue and Taxes, of the Annotated Code of Maryland
(1975 Replacement Volume and 1975 Supplement) be and they
are hereby repealed:

Article 81 — Revenue and Taxes

[12F-2.

(a)    Beginning with the 1975—1976 taxable year and
each year thereafter, if the credit authorized under §
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 § 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 for State
reimbursement shall be as provided in § 12F-1 of this
article. ]

[12F-3.

(a) Counties and Baltimore City authorized to grant
credit; minimum credit; qualifications. —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 of disability. If the