HARRY HUGHES, Governor

2301

Article - Tax - Property
Section 9-315 and 10-201
Annotated Code of Maryland

(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 81 - Revenue and Taxes

48A.

(a)  Notwithstanding the provisions of Section 48 of this
article, Montgomery County, HOWARD COUNTY, and Prince George's
County may authorize by law a procedure permitting a taxpayer to
defer the payment of certain increases in county real property
taxes on residential property owned and actually occupied as the
principal residence of the taxpayer. The amount of the tax which
may be deferred is that amount attributable to an assessment
increase resulting directly from a government-initiated change in
the zoning classification of the property to a higher intensity
use.

(b)  The county may provide for a limitation on the length
of time the taxes may be deferred.

(c)  Deferred taxes shall bear interest at the rate
specified in Section 48(a) of this article and a lien shall
attach to the property for all deferred taxes and interest.

(d)  Penalties may not be charged during the period of the
deferral on any tax payments deferred under this section.

(e)  Montgomery County may provide for the deferral to be
retroactive to July 1, 1975.

(F) IN LIEU OF THE DEFERRAL AUTHORIZED BY SUBSECTION (A) OF
THIS SECTION, HOWARD COUNTY MAY GRANT A TAX CREDIT EQUAL TO THE
AMOUNT OF TAX ELIGIBLE FOR DEFERRAL UNDER SUBSECTION (A) OF THIS

SECTION.

[(f)] (C) (1) Prince George's County may provide for
the deferral to apply to taxes due after June 30, 1984, on
property rezoned at the initiative of the county after July 1,
1974.

(2) HOWARD COUNTY MAY PROVIDE FOR THE TAX DEFERRAL OR
CREDIT AUTHORIZED BY THIS SECTION TO APPLY TO TAXES DUE AFTER
JUNE 30, 1985, ON PROPERTY REZONED AT THE INITIATIVE OF THE
COUNTY AFTER JULY 1, 1984.

[(g)] (H) (1) In Prince George's County, property
eligible for the deferral shall be limited to the dwelling and