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ROBERT L. EHRLICH, JR., Governor Ch. 536
claimed for certain dwellings; providing for the application of this Act; and
generally relating to the Homestead Property Tax Credit Program property tax
relief for certain dwellings that are damaged or destroyed due to a natural
disaster.
BY repealing and reenacting, with amendments,
Article—Tax—Property
Section 9-105
Annotated Code of Maryland
(2001 Replacement Volume and 2004 Supplement)
BY adding to
Article - Tax - Property
Section 7-306, 9-109, and 9-109.1
Annotated Code of Maryland
(2001 Replacement Volume and 2004 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
7-306.
(A) SUBJECT TO SUBSECTION (B) OF THIS SECTION, REAL PROPERTY IS NOT
SUBJECT TO STATE PROPERTY TAX IF:
(1) THE HOMEOWNER IS OTHERWISE ELIGIBLE FOR THE CREDIT
ALLOWED UNDER § 9-105 OF THIS ARTICLE;
(2) (I) THE DWELLING IS:
1. DAMAGED OR DESTROYED DUE TO A NATURAL DISASTER;
AND
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2. SUBSEQUENTLY REPAIRED OR RECONSTRUCTED;
(II) THE DWELLING IS REVALUED AFTER THE DWELLING IS
REPAIRED OR RECONSTRUCTED; AND
(III) AS A RESULT OF THE REVALUATION, THE ASSESSMENT OF THE
DWELLING EXCEEDS THE LAST ASSESSMENT OF THE DWELLING; AND
(3) THE HOMEOWNER CLAIMING THE EXEMPTION HAD A LEGAL
INTEREST IN THE DWELLING AT THE TIME THE DWELLING WAS DAMAGED OR
DESTROYED AS DESCRIBED UNDER ITEM (2) OF THIS SUBSECTION.
(B) THE PROPERTY TAX EXEMPTION UNDER THIS SECTION ONLY APPLIES FOR
A TAXABLE YEAR IN WHICH A PROPERTY TAX CREDIT FOR THE PROPERTY
DESCRIBED IN SUBSECTION (A) OF THIS SECTION IS GRANTED BY THE GOVERNING
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