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2279
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MARVIN MANDEL, Governor
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Annotated Code of Maryland
(1975 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 12F-2(b) and (d) of Article 81 -
Revenue and Taxes, of the Annotated Code of Maryland
(1975 Replacement Volume and 1976 Supplement) be and they
are hereby repealed and reenacted, with amendments, to
read as follows:
Article 81 - Revenue and Taxes
12F-2.
(b) (1) As used in subsection (a) of this
section, the term "fullest extent of all of the benefits"
means that a taxpayer, who received any benefits under
the provisions of any law governing the granting of tax
credits for elderly or disabled persons in the taxable
year 1974—1975 and who remains qualified for benefits
under these laws shall have his property taxes calculated
in the 1975—1976 taxable year and in any subsequent
taxable year both under the laws in effect in the
1974—1975 taxable year and under the provisions of §
12F-1 or § 12F-3 (which was in effect for the 197 5-1976
taxable year), of this article, whichever is applicable.
The taxpayer shall receive benefits under that law which
provides the greater amount of benefits to the taxpayer.
(2) AS USED IN SUBSECTION (A) OF THIS
SECTION, THE TERM "REMAINS QUALIFIED" MEANS THAT A
TAXPAYER WHO RECEIVED A TAX CREDIT UNDER THE PROVISIONS
OF ANY LAW WHICH WAS IN EFFECT FOR THE 1974-1975 TAXABLE
YEAR AND WHICH SUBSEQUENTLY WAS REPEALED IS ELIGIBLE FOR
THE BENEFITS GRANTED BY THAT REPEALED LAW IN ANY
SUCCESSIVE YEAR IN WHICH HE QUALIFIES UNDER ITS
PROVISIONS. ONCE HAVING QUALIFIED, IF IN ANY SUCCESSIVE
TAXABLE YEAR THE TAXPAYER FAILS TO QUALIFY UNDER THE
PROVISIONS OF THE REPEALED LAW, HE NEVERTHELESS IS
ELIGIBLE FOR THE BENEFITS GRANTED BY THAT REPEALED LAW IN
THE NEXT TAXABLE YEAR IN WHICH HE AGAIN QUALIFIES.
(d) (1) As used in subsection (c) of this
section, the term "fullest extent of all of the benefits"
means that a taxpayer, who received any benefits under
the provisions of § 12F-3 of this article or any other
law governing the granting of tax credits for disabled
persons in the taxable year 1975-1976 and who remains
qualified for benefits under these laws shall have his
property taxes calculated in the 1976—1977 taxable year
and in any subsequent taxable year both under the laws in
effect in the 1975—1976 taxable year and under the
provisions of § 12F-1 of this article. The taxpayer
shall receive benefits under that law which provides the
greater amount of benefits to the taxpayer.
(2) AS USED IN SUBSECTION (C) OF THIS
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