3502 LAWS OF MARYLAND Ch. 597
(f) For the 1978-1979 taxable year the county,
Baltimore City or incorporated municipality shall calculate
the amount of tax credit for every taxpayer entitled to the
credit under this section on the tax bill and shall state
the amount of the credit or for the 1978-1979 taxable year
only, show a reassessment limitation which reflects the
taxable assessment for taxpayers eligible for this credit on
the tax bill.]
(D) FOR EACH TAXABLE YEAR THROUGH THE 1983-1984
TAXABLE YEAR, THE TAX CREDIT IN THIS SUBSECTION SHALL BE
CALCULATED BY:
(1) MULTIPLYING THE PRIOR YEAR'S TAXABLE
ASSESSMENT BY 115 PERCENT AND SUBTRACTING THAT AMOUNT FROM
THE CURRENT YEAR'S ASSESSMENT; AND
(2) MULTIPLYING THIS DIFFERENCE, PROVIDED IT IS
A POSITIVE NUMBER, BY THE APPLICABLE COUNTY, BALTIMORE CITY,
OR MUNICIPAL TAX RATE FOR THE CURRENT YEAR.
SECTION 2. AND BE IT FURTHER ENACTED, That Section(s)
12F-7(g), (h), (i), (j), and (k), respectively, of Article
81 - Revenue and Taxes, of the Annotated Code of Maryland be
renumbered to be Section(s) 12F-7(e), (f), (g), (h), and
(i), respectively.
SECTION 3 2 3. AND BE IT FURTHER ENACTED, That this
Act shall take effect July 1, 1982.
Approved June 1, 1982.
CHAPTER 598
(House Bill 91)
AN ACT concerning
Health Insurance - Benefits for Certain Birth Defects
FOR the purpose of requiring certain health insurance
policies, contracts, or certificates delivered or
issued for delivery within this State to include
benefits for expenses for treatment of certain birth
defects.
BY adding to
Article 48A - Insurance Code
Section 354X, 470Q, and 477W
|