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ROBERT L. EHRLICH, JR., Governor Ch. 470
CHAPTER 470
(House Bill 717)
AN ACT concerning
Special Needs Trust Trusts for Individuals with a Disability - Housing
Programs and Homeowners' Property Tax Credit - Eligibility
FOR the purpose of expanding altering the definition of "family of limited income" to
include a special needs trust for determining income eligibility for certain types
of trusts for a certain housing assistance programs program under the
Department of Housing and Community Development; authorizing the
Department to limit the cumulative outstanding debt for a certain program loan
that is made to a certain type of trust under certain circumstances: providing
that certain housing assistance program loans may be secured by certain
security devices; altering the definition of "homeowner" for purposes of
determining eligibility for a certain homeowners' property tax credit; allowing
certain individuals who are beneficiaries of a special needs trust certain types of
trusts subject to real property taxation to apply for the homeowners' property
tax credit program; providing for the application of this Act; and generally
relating to special needs certain types of trusts and eligibility for a certain
housing program and tax credit.
BY repealing and reenacting, without amendments,
Article - Housing and Community Development
Section 4-201(a) and 4-901(a)
Annotated Code of Maryland
(2005 Volume)
BY repealing and reenacting, with amendments,
Article - Housing and Community Development
Section 4-201(h) and 4-901(b), 4-908, and 4-917
Annotated Code of Maryland
(2005 Volume)
BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-104(a)
Annotated Code of Maryland
(2001 Replacement Volume and 2005 Supplement)
BY repealing and reenacting, without amendments,
Article - Tax - Property
Section 9-104(f)
Annotated Code of Maryland
(2001 Replacement Volume and 2005 Supplement)
- 2403 -
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