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Ch. 27 2006 LAWS OF MARYLAND
SECTION 3. 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October July 1, 2006.
Approved April 6, 2006.
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CHAPTER 27
(Senate Bill 382)
AN ACT concerning
Property Tax - Homeowners' Property Tax Credits Senior Citizen
Homeowners Credit and Renters' Property Tax Relief
FOR the purpose of altering the maximum assessed value of a dwelling on which a
certain homeowners' property tax credit is calculated to provide a certain credit
for certain senior citizens under certain circumstances; defining certain terms;
altering the computation of the credit; excluding certain items from the
definition of "assets" for purposes of the credit; including certain items in the
definition of "gross income" for purposes of the credit; providing that the credit
may not be granted to a homeowner whose combined income exceeds a certain
amount for a certain calendar year; altering the maximum amount of certain
property tax relief provided to certain renters; providing for the application of
this Act; and generally relating to a certain homeowners' property tax credit for
senior citizen homeowners and certain renters' property tax relief.
BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-104 9-102(i) and 9-104(a)(2), (8), and (13), (g), and (i)(l)
Annotated Code of Maryland
(2001 Replacement Volume and 2005 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
9-102.
(i) The property tax relief under this section may not be:
(1) more than [$600] $750;
(2) granted to any renter whose combined net worth exceeds $200,000 as
of December 31 of the calendar year for which the property tax relief is sought;
(3) granted to any renter whose dwelling is exempt from property tax;
and
(4) granted if the credit under this section is less than $1 in any year.
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