MARVIN MANDEL, Governor                                  705

read as follows:

Article 81 — Revenue and Taxes

[[32.

(B) THE COUNTY COMMISSIONERS OR COUNTY COUNCIL OF
EACH COUNTY AND THE MAYOR AND CITY COUNCIL OF BALTIMORE
CITY, BY RESOLUTION OR ORDINANCE, MAY PROVIDE FOR THE
DEFERRED PAYMENT OF PROPERTY TAXES IMPOSED BY THE COUNTY
OR CITY ON DWELLINGS, AS DEFINED IN § 12F-1(B)(4) OF THIS
ARTICLE, IF EACH OF THE FOLLOWING CONDITIONS ARE MET:

(1)    THE ASSESSMENT ON THE DWELLING HAS BEEN
INCREASED BY MORE THAN 36 PERCENT OVER THE PREVIOUS
ASSESSMENT;

(2)    THE PROPERTY HAS NOT BEEN TRANSFERRED TO
NEW OWNERSHIP;

(3)    THE ZONING CLASSIFICATION OF THE
PROPERTY HAS NOT BEEN CHANGED;

(4)    A SUBSTANTIAL CHANGE HAS NOT OCCURRED IN
THE USE OF THE PROPERTY;

(5)    EXTENSIVE IMPROVEMENTS HAVE NOT BEEN
MADE TO THE IMPROVEMENTS ON THE EXISTING PROPERTY;

(6)    THE PREVIOUS ASSESSMENT WAS NOT CLEARLY
ERRONEOUS DUE TO AN ERROR IN CALCULATION OR MEASUREMENT
OF THE IMPROVEMENTS ON THE PROPERTY;

(7)    THE AMOUNT OF TAXES DEFERRED DOES NOT
EXCEED THE AMOUNT IMPOSED BY REASON OF THAT PART OF THE
INCREASE IN ASSESSMENT OVER 36 PERCENT;

(8)    THE AMOUNT OF TAXES DEFERRED IS PAYABLE
IN EQUAL INSTALLMENTS IN THE NEXT TWO ENSUING TAXABLE
YEARS AFTER THE YEAR FOR WHICH THE INCREASE IN ASSESSMENT
FIRST BECOMES EFFECTIVE; AND

(9)    THE TAX BILL SHOWS THE FULL AMOUNT OF
THE CURRENT ASSESSMENT, THE FULL AMOUNT OF THE TAX DUE ON
THE DWELLING, THE AMOUNT PAYABLE DURING THE FIRST TAXABLE
YEAR, AND THE DEFERRED AMOUNTS PAYABLE IN THE NEXT TWO
ENSUING TAXABLE YEARS.]]

32B.

(A)        FOR ANY TAXABLE YEAR PRIOR TO AND INCLUDING

1976, ANY TAXPAYER WHOSE PROPERTY WAS SUBJECT TO A
PERCENTAGE PHASE-IN OF THE AMOUNT OF ANY INCREASE IN THE
ASSESSMENT OF THE PROPERTY IN EXCESS OF A 36 PERCENT

INCREASE UNDER THE PROVISIONS OF SECTION 232(8)(C) OF

THIS ARTICLE SHALL CONTINUE TO RECEIVE THE PERCENTAGE
PHASE-IN. NOTWITHSTANDING THE REPEAL OF THE AUTHORITY FOR

THE PERCENTAGE PHASE-IN FOR THE TAXABLE YEAR 1977.