1024

LAWS OF MARYLAND

Ch. 84

and the purchaser. The homeowner shall be charged only for
that proportion of the credit which the homeowner's 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 credit shall be paid by the
purchaser to the county or Baltimore City and credited to
the State, less any deductions for the costs incurred by any
county, Baltimore City or municipality under the provisions
of [the] § 12F-2 of this article.

12F-7.

(a)        For the taxable years 1977-1978 and 1978-1979
each county, Baltimore City and any incorporated
municipality shall grant a homeowners' tax credit in
accordance with this [subsection] SECTION against the
county, Baltimore City or municipal property taxes imposed
by that jurisdiction on real property.

19.

(b) (2) (A) The following lands are not subject to the
provisions of paragraph (1):

(iii) Land subdivided into lots or parcels
after July 1, 1972, does not qualify under paragraph (1),
from and after the first day of the taxable year in which
the subdivision occurs; provided, however, that, except for
the dwelling house and a one—acre curtilage which shall be
assessed at fair market value, no parcel of 20 acres or more
conveyed to another party, which conveyance is deemed a
subdivision under the provisions of local law, shall be
disqualified solely as a result of that subdivision. The
following subdivided land is not disqualified under the
provisions of this subparagraph (iii) :

(d) Subdivided land which is
purchased by a person who owns land which is adjoining the
subdivided land, and the combined acreage of the subdivided
land and the purchaser's original parcel exceeds 20 acres;
provided that the purchaser's original parcel and the
subdivided land [was] SERE receiving an agricultural use
assessment, both parcels remain in agricultural use, and
that the purchaser requests that the subdivided land being
purchased be granted an agricultural or farm use assessment;

32B.

(b) (1) For the taxable years 1976-1977, 1977-1978,
and 1978-1979, each county, Baltimore City, or other
incorporated municipality levying a tax on real property
shall grant a homeowners' tax credit in accordance with this
subsection against the property taxes imposed by the county,
city, or incorporated municipality on dwellings. The word
"dwelling" has the meaning stated in [§ 12F-1 (4)] SECTION
12F-1(B)(4) of this article, except that it applies to all
homeowners, whether or not they are 60 years of age or
older.