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ROBERT L. EHRLICH, JR., Governor Ch. 27
13. ANY WITHDRAWAL, PAYMENT, OR DISTRIBUTION FROM
ANY QUALIFIED RETIREMENT SAVINGS PLAN; AND
12. 14. any rent on the dwelling, including the rent from a
room or apartment.
(iii) "Gross income" does not include:
1. any income tax refund received from the State or federal
government; or
2. any loss from business, rental, or other endeavor.
(9) "Homeowner" means an individual who:
(i) on July 1 of the taxable year for which the tax credit is to be
allowed:
1. actually resides in a dwelling in which the individual has a
legal interest; or
2. under a court order or separation agreement, permits a
spouse, a former spouse, or a child of the individual's family to reside without
payment of rent in a dwelling in which the individual has a legal interest; or
(ii) 1. is a home purchaser; and
2. actually resides in a dwelling in which the individual has a
legal interest, whether or not the individual resides in the dwelling on July 1 of the
taxable year for which the tax credit is sought.
(10) "Homo purchaser" means an individual who purchases a dwelling in
the taxable year for which the tax credit under this section is sought.
(11) "Legal interest" includes an interest in a dwelling:
(i) as sole owner;
(ii) as a joint tenant;
(iii) as a tenant in common;
(iv) as a tenant by the entireties;
(v) through membership in a cooperative;
(vi) under a land installment contract, as defined in § 10-101 of the
Real Property Article;
(vii) as a holder of a life estate; or
(viii) under a continuing care contract for an independent living unit
at a continuing care facility for the aged, which means a nontransferable agreement
between a continuing care facility for the aged as defined in § 7-206 of this article and
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- 155 -
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