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Ch. 594
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LAWS OF MARYLAND
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1932
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12F-7.
(a) For the taxable years 1977-1978 through [1983-1984]
1984-1985, each county, Baltimore City and any incorporated
municipality shall grant a homeowners' tax credit in accordance
with this section against the county, Baltimore City or municipal
property taxes imposed by that jurisdiction on real property.
(d) For each taxable year through the [1983-1984] 1984-1985
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.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 31, 1983.
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CHAPTER 595
(House Bill 110)
AN ACT concerning
Maryland State Board of Public Accountancy -
Consumer Members
FOR the purpose of adding consumer members to the Maryland State
Board of Public Accountancy; providing for the initial terms
of the consumer members and the staggering of their terms of
office; providing for the reappointment of the initial
consumer members; making stylistic changes; and generally
relating to the Maryland State Board of Public Accountancy.
BY repealing
Article 75A - Public Accountancy
Section 1(a)
Annotated Code of Maryland
(1980 Replacement Volume and 1982 Supplement)
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BY adding to
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