2208                                          LAWS OF MARYLAND                                     Ch. 331

(As enacted by Chapter ____ (S.B. 1) of the

Acts of the General Assembly of 1985)

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

Article - Tax - Property

9-102.

(h) (1) The property tax relief that' a renter may receive
under this section is the assumed property tax on real property
less a percentage of the combined income of the renter.

(2) The percentage is:

(i) [0.75%] 0% .375% of the 1st $4,000 of
combined income;

(ii) 3.5% of the 2nd $4,000 of combined income;

(iii) 5.5% of the 3rd $4,000 of combined
income;

(iv) 7.5% of the 4th $4,000 of combined income;
and

(v) 9% of the combined income over $16,000.

(i) The property tax relief under this section may not be:

(1)  more than [$450] $500; or

(2)  granted to any renter whose combined net worth
exceeds $200,000 as of December 31 of the calendar year for which
the property tax relief is sought.

9-104.

(a) (11) "Total real property tax" means the product of the
sum of all property tax rates on real property, including special
district tax rates, for the taxable year on a dwelling,
multiplied by the lesser of the assessed value of the dwelling or
[$40,000] $50,000; and then reduced by any property tax credit
granted under § 9-105 of this subtitle.

(g) (1) The property tax credit under this section is the
total real property tax of a dwelling, less the percentage of the
combined income of the homeowner that is described in paragraph
(2) of this subsection.

(2) The percentage is:

(i) [0.75%] 0% .375% of the 1st $4,000 of
combined income;