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1178                                             LAWS OF MARYLAND                                     Ch. 176

Homeowners' Tax Credit Program

FOR the purpose of creating a new program of property tax
credits for certain homeowners; defining certain terms;
establishing standards of eligibility; providing for
the administration of the program; providing for a
certain maximum credit for certain homeowners;
providing for the apportionment of a credit under
certain conditions; providing for reimbursement of the
counties and Baltimore City; providing for the
disbursement of certain funds to the counties and
Baltimore City; requiring the promulgation of certain
regulations; establishing temporary provisions for the
program; providing for the automatic termination of a
portion of the program; and generally relating to
property tax credits for homeowners.

BY repealing

Article 81 — Revenue and Taxes

Section 12F-1

Annotated Code of Maryland

(1975 Replacement Volume and 1977 Supplement)

BY adding to

Article 81 — Revenue and Taxes

Section 12F-1

Annotated Code of Maryland

(1975 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 12F-1 of Article 81 - Revenue and
Taxes, of the Annotated Code of Maryland be repealed.

SECTION 2. AND BE IT FURTHER ENACTED, That section(s)
of the Annotated Code of Maryland be repealed, amended, or
enacted to read as follows:

Article 81 - Revenue and Taxes

12F-1.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE
THE MEANINGS INDICATED.

(2) "COMBINED INCOME" MEANS THE COMBINED GROSS
INCOME OF ALL HOMEOWNERS, IF MORE THAN ONE, AND ALL PERSONS
18 YEARS OF AGE OR OLDER AS OF JULY 1 OF THE TAXABLE YEAR IN

WHICH THE CREDIT 18 TO BE ALLOWED ACTUALLY RESIDING IN THE

SAME DWELLING, EXCEPT PERSONS WHOSE CONTRIBUTIONS,

REASONABLY APPORTIONABLE TOWARD THE COST OF UPKEEP,

MAINTENANCE, AND REPAIR OF THE DWELLING, ARE IN THE FORM OF

FIXED RENTAL CHARGES. PERSONS ACTUALLY RESIDING IN THE HOME
DWELLING, EXCEPT THOSE WHO ARE DEPENDENTS ACCORDING TO THE