304

LAWS OF MARYLAND

Ch. 8

(C)  ELIGIBILITY.

(1)  A HOMEOWNER IS ELIGIBLE FOR THE FULL BENEFITS
IDENTICAL TO THE BENEFITS OF THE REPEALED LAW IN ANY TAXABLE YEAR
THAT THE HOMEOWNER MEETS THE REQUIREMENTS OF THE REPEALED LAW.

(2)  IF IN ANY SUCCEEDING TAXABLE YEAR A HOMEOWNER
FAILS TO QUALIFY UNDER THE REPEALED LAW, THE HOMEOWNER SHALL BE
GRANTED A PROPERTY TAX CREDIT UNDER THE REPEALED LAW IN THE NEXT
TAXABLE YEAR THAT THE HOMEOWNER QUALIFIES.

(D)  CALCULATION OF PROPERTY TAX CREDITS.

THE PROPERTY TAX CREDIT OF A HOMEOWNER SHALL BE CALCULATED
UNDER:

(1)  A REPEALED LAW; AND

(2)  § 9-104 OF THIS SUBTITLE.

(E)  AMOUNT.

A HOMEOWNER SHALL RECEIVE A PROPERTY TAX CREDIT UNDER THIS
SECTION EQUAL TO THE GREATER OF THE 2 AMOUNTS CALCULATED UNDER
SUBSECTION (D) OF THIS SECTION.

(F)  SURVIVING SPOUSES.

IF A SURVIVING SPOUSE OF A HOMEOWNER HAS NOT REMARRIED AND
MEETS THE QUALIFICATIONS OF THE REPEALED LAW EXCEPT FOR AGE OR
DISABILITY, THE PROPERTY TAX CREDIT UNDER THIS SECTION IS
AVAILABLE TO THE UNMARRIED SURVIVING SPOUSE.

(G)  COST OF TAX CREDITS.

EACH COUNTY OR MUNICIPAL CORPORATION IS RESPONSIBLE FOR    THE

COST OF ANY PROPERTY TAX CREDIT GRANTED UNDER THIS SECTION  TO A

HOMEOWNER THAT EXCEEDS THE COST THE STATE IS REQUIRED TO    PAY
UNDER § 9-104 OF THIS SUBTITLE.

REVISOR'S NOTE: Subsection (a)(1) of this section is new
language used as the standard introductory language to
a definition section.

Subsections (a)(2) and (3) and (b) through (f) of this
section are new language derived without substantive
change from former Art. 81, §§ 12F-2 and, as that
section applied to spouses of elderly or disabled
homeowners, 12F-6.

Subsection (a)(2) and (3) of this section is revised
as a definition of "homeowner" and "repealed law",
respectively, to avoid repetition of lengthy
descriptions of "homeowner" and "repealed law".