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3581
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MARVIN MANDEL, Governor
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 12E-2 be and it is hereby
added to Article 81 - Revenue and Taxes, of the Annotated
Code of Maryland (1975 Replacement Volume and 1976
Supplement) to read as follows:
Article 81 - Revenue and Taxes
12E-2.
THE LOCAL GOVERNING BODY OF EACH COUNTY OR
MUNICIPALITY MAY PROVIDE A TAX CREDIT AGAINST COUNTY OR
MUNICIPAL ORDINARY AND SPECIAL TAXES UPON RESIDENTIAL
REAL PROPERTY IN THAT SUBDIVISION WHEN IT HAS DETERMINED
THAT THE PROPERTY HAS SUFFERED FLOOD, WATER OR SEWAGE
DAMAGE OR FACES A SUBSTANTIAL THREAT OF RECURRING FLOOD,
WATER OR SEWAGE DAMAGE OR SEWAGE DAMAGE CAUSED BY FLOOD
CONDITIONS.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 26, 1977.
CHAPTER 942
(House Bill 481)
AN ACT concerning
Property Tax Credits — Low Income Homeowners
FOR the purpose of providing tax credit for certain
homeowners with a certain maximum income as defined.
BY repealing and reenacting, with amendments,
Article 81 - Revenue and Taxes
Section 12F-1 (c)
Annotated Code of Maryland
(1975 Replacement Volume and 1976 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 12F-1(c) of Article 81 - Revenue
and Taxes, of the Annotated code of Maryland (1975
Replacement Volume and 1976 Supplement) be and it is
hereby repealed and reenacted, with amendments, to read
as follows:
Article 81 - Revenue and Taxes
12F-1.
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