BLAIR LEE III, Acting Governor                           2927

CHAPTER 1017

(House Bill 1265)

AN ACT concerning

Tax Credits - Local Property Taxes

FOR the purpose of requiring the counties, Baltimore City,
and incorporated municipalities to show on a property
owner's tax bill the amount of tax credit authorized
for the 1977 - 1978 taxable year for increases in
assessment, or requiring them to show on the property

owner's tax bill a reassessment limitation where

applicable for a certain taxable year; requiring the
counties, Baltimore City, and incorporated
municipalities to remit certain tax credits under
certain conditions; and making this Act an emergency
measure.

BY adding to

Article 81 - Revenue and Taxes

Section 12F-7(j)

Annotated Code of Maryland

(1975 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 61 — Revenue and Taxes

12F-7.

(J) FOR THE 1978 - 1979 TAXABLE YEAR THE COUNTY,
BALTIMORE CITY, OR INCORPORATED MUNICIPALITY SHALL:

(1)    CALCULATE THE AMOUNT OF THE TAX CREDIT FOR
THE 1977-1978 TAXABLE YEAR FOR EVERY TAXPAYER ENTITLED TO
THE CREDIT IN THAT TAXABLE YEAR;

(2)    STATE THE AMOUNT OF THE 1977 - 1978 CREDIT
ON THE TAX BILL OR FOR THE 1978-1979 TAXABLE YEAR ONLY, SHOW

A REASSESSMENT LIMITATION WHICH REFLECTS THE TAXABLE

ASSESSMENT FOR TAXPAYERS ELIGIBLE FOR THIS CREDIT; AND

(3)    REMIT TO THE TAXPAYER BY SEPTEMBER 1, 1978
THE AMOUNT, IF ANY, OF ANY 1977 - 1978 CREDIT TO WHICH THE
TAXPAYER WAS ENTITLED BUT DID NOT RECEIVE, WITH INTEREST AT
8 PERCENT FROM OCTOBER 1, 1977.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for
the immediate preservation of the public health and safety
and having been passed by a yea and nay vote supported by