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LAWS OF MARYLAND

Ch. 177

FOR the purpose of changing the conditions under which a
homeowner's credit against the property tax is terminated on
the sale or transfer of the property.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 12F-l(d)

Annotated Code of Maryland

(1980 Replacement Volume and 1983 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 81 - Revenue and Taxes

12F-1.

(d) [When a homeowner sells] EXCEPT FOR TRANSFERS BETWEEN
SPOUSES, INCLUDING A CONVEYANCE TO A SURVIVING SPOUSE FROM THE
PERSONAL REPRESENTATIVE OF A DECEASED SPOUSE, WHEN A HOMEOWNER
TRANSFERS a dwelling which is subject to a property tax credit,
the credit shall be terminated as of the date of transfer of the
property. THE CREDIT IS NOT TERMINATED IF THE TRANSFER IS
BETWEEN SPOUSES. The total amount of the credit shall be included
in the amount of ordinary taxes which were paid by the homeowner
and which are adjusted at the time of settlement between the
homeowner and the purchaser. The homeowner shall be charged only
for that proportion of the credit which the homeowner's period of
ownership of the property during the taxable year in which the
transfer occurs bears to the entire taxable year. The remaining
portion of the credit shall be paid by the purchaser to the
county or Baltimore City and credited to the State, less any
deductions for the costs incurred by any county, Baltimore City,
or municipality under the provisions of § 12F-2 of this article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved May 8, 1984.

CHAPTER 178
(House Bill 329)
AN ACT concerning

Howard County - Workmen's Compensation - Volunteer
Fire Fighters and Volunteer Members of Rescue Squads