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Session Laws, 2005
Volume 752, Page 3486   View pdf image
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Ch. 616                                    2005 LAWS OF MARYLAND
(h) The tax credit under this section shall be included on the homeowner's
property tax bill. (i) (1) When property that has received a credit under this section for the
current taxable year includes improvements that are removed from the assessment
roll under § 10-304 of this article because of damage due to an accident or a natural
disaster: (i) the full benefit of the property tax abatement under § 10-304 of
this article may not be diminished by the amount of the credit; (ii) the full benefit of that credit may not be diminished by the
property tax abatement under § 10-304 of this article and shall be reflected in the
assessment of the total property, including any new improvements, for the current
taxable year; and (iii) the property shall be eligible to receive a credit under this
section for the current taxable year and the two succeeding taxable years regardless
of the existence or condition of the dwelling. (2) Neither the calculation of the abatement nor the assessment under
this subsection shall include an assessment less than zero. 9-109. (J) (A) (1) THE STATE AND THE MAYOR AND THE CITY COUNCIL OF
BALTIMORE CITY AND THE GOVERNING BODY OF EACH COUNTY AND OF EACH
MUNICIPAL CORPORATION SHALL GRANT AN ADDITIONAL A PROPERTY TAX CREDIT
AS DESCRIBED IN THIS SUBSECTION. UNDER THIS SECTION AGAINST THE COUNTY
OR MUNICIPAL CORPORATION PROPERTY TAX IMPOSED ON REAL PROPERTY IF: (I) (1) THE HOMEOWNER IS OTHERWISE ELIGIBLE FOR THE
CREDIT ALLOWED UNDER SUBSECTION (B) OF THIS SECTION § 9-105 OF THIS
SUBTITLE; (II) (2) 1. (I) THE DWELLING IS: A. 1. DAMAGED OR DESTROYED DUE TO A NATURAL
DISASTER; AND B. 2. SUBSEQUENTLY REPAIRED OR RECONSTRUCTED; 2. (II) THE DWELLING IS REVALUED AFTER THE
DWELLING IS REPAIRED OR RECONSTRUCTED; AND 3. (III) AS A RESULT OF THE REVALUATION, THE
ASSESSMENT OF THE DWELLING EXCEEDS THE LAST ASSESSMENT OF THE
DWELLING; AND (III) (3) THE HOMEOWNER CLAIMING THE CREDIT HAD A LEGAL
INTEREST IN THE DWELLING AT THE TIME THE DWELLING WAS DAMAGED OR
DESTROYED AS DESCRIBED UNDER ITEM (II) ITEM (2) OF THIS PARAGRAPH
SUBSECTION. - 3486 -


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Session Laws, 2005
Volume 752, Page 3486   View pdf image
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