HARRY HUGHES, Governor

309

(1)  THE DEPARTMENT SHALL CERTIFY TO THE COMPTROLLER
THE PROPERTY TAX RELIEF UNDER THIS SECTION DUE EACH RENTER.

(2)  THE COMPTROLLER SHALL PAY THE AMOUNT TO THE
RENTER.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
12F-l(a)(10)(i), as that subparagraph applied to
elderly or disabled renters, and § 12F-3, except
(a)(3) and the second sentence of (8).

In this section, the word "individual" is substituted
for the former references to a "person" to clarify
that only an individual may receive tax relief under
this section.

Also in this section, the references to "property tax
relief" are substituted for the former references to
"tax credit" and "relief", for clarity. While former
Art. 81, § 12F-3 used the terms "tax credit" and "tax
relief" interchangeably, this section deals only with
"property tax relief".

Subsection (a)(2) of this section is revised as a
definition of "assets" to clarify the distinction
between the terms "assets" and "net worth".

In subsection (a)(2)(i) of this section, the former
phrase "current market value" is deleted for
consistency and clarity.

In subsection (a)(2)(ii)1. of this section, the phrase
"the cash value of the life insurance policies on the
life of the renter" is substituted for the former
phrase "cash surrender value of life insurance
policies", for clarity.

In subsection (a)(2)(ii)2. of this section, the word
"tangible" is added to clarify the legislative intent
to exclude only tangible personal property from the
definition of "assets".

In subsection (a)(4)(i) of this section, the reference
to "§ 152" of the Internal Revenue Code is added for
accuracy.

In subsection (a)(4)(ii) of this section, the phrase
"amount for rent or room and board" is substituted for
the former words "fixed charges", for clarity.

In subsection (a)(6)(ii) of this section, the former
phrase "as these acts may be amended from time to
time" is deleted as unnecessary in light of Art. 1, §
21 of the Code.