HARRY HUGHES, Governor

305

In subsection (d) of this section, the term "property
tax credit" is substituted for the former term
"property taxes", to clarify that the object is to
calculate the credit not the tax.

In subsection (f) of this section, the reference to a
disability qualification is added for clarity and to
conform to Departmental practice. This addition is
called to the attention of the General Assembly.

In subsection (g) of this section, the defined term
"municipal corporation" is substituted for the former
word "municipalities", for clarity.

Also in subsection (g) of this section, the former
reference to "Baltimore City" is deleted as included
in the defined term "county".

Defined terms: "County" § 1-101

"Law" § 1-101 "Municipal corporation" § 1-101

"Property tax" § 1-101 "Taxable year" § 1-101

9-102. ELDERLY OR DISABLED RENTERS.

(A) DEFINITIONS.

(1)  IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(2)  (I) "ASSETS" INCLUDE:

1. REAL PROPERTY;

2. CASH;

3. SAVINGS ACCOUNTS;

4. STOCKS;

5. BONDS; AND

6. ANY OTHER INVESTMENT.

"ASSETS" DO NOT INCLUDE:

1.  THE CASH VALUE OF THE LIFE INSURANCE
POLICIES ON THE LIFE OF THE RENTER; OR

2.  TANGIBLE PERSONAL PROPERTY.

(3) "ASSUMED REAL PROPERTY TAX" MEANS:

(I) 15% OF THE OCCUPANCY RENT PAID BY A RENTER
DURING THE CALENDAR YEAR; OR

(II)