3498                                      LAWS OF MARYLAND                                    Ch. 597

[(d) (1) The following determinations shall be made
for the 1977-1978 taxable year to calculate the amount of
the credit provided in subsection (e) of this section:

(i) The amount of the assessment of the
dwelling as of January 1, 1977;

(ii) The amount of the assessment as of
January 1, 1976; and

(iii) The adjusted 1976 assessment which
is the product of the amount of the assessment as of January
1, 1976 multiplied by 115 percent.

(2) The following determinations shall be made
for the 1978-1979 taxable year to calculate the amount of
the credit provided in subsection (e) of this section:

(i) The amount of the assessment of the
dwelling as of January 1, 1978;

(ii) The amount of the assessment as of
January 1, 1977;

(iii) The adjusted 1976 assessment which
is the product of the amount of the assessment as of January
1, 1976 multiplied by 115 percent.

(3) The following determinations shall be made
for the 1979-1980 taxable year to calculate the amount of
the credit provided in subsection (e) of this section:

(i) The amount of the assessment of the
dwelling as of January 1, 1979;

(ii) The amount of the assessment as of
January 1, 1978;

(iii) The adjusted 1976 assessment which
is the product of the amount of the assessment as of January
1, 1976 multiplied by 132 percent.

(4) The following determinations shall be made
for the 1980-1981 taxable year to calculate the amount of
the credit provided in subsection (e) of this section:

(i) The amount of the assessment of the
dwelling as of January 1, 1980;

(ii) The amount of the assessment as of
January 1, 1979;

(iii) The adjusted 1976 assessment which
is the product of the amount of the assessment as of January
1, 1976 multiplied by 153 percent;