322

LAWS OF MARYLAND

Ch. 8

(O) SALE OF DWELLING.

(1)  EXCEPT FOR TRANSFERS BETWEEN SPOUSES, INCLUDING A
CONVEYANCE TO A SURVIVING SPOUSE FROM THE PERSONAL REPRESENTATIVE
OF A DECEASED SPOUSE, IF A HOMEOWNER TRANSFERS A DWELLING THAT IS
SUBJECT TO A PROPERTY TAX CREDIT UNDER THIS SECTION, THE PROPERTY
TAX CREDIT ENDS ON THE DATE THAT THE PROPERTY IS TRANSFERRED.
THE CREDIT IS NOT ENDED IF THE TRANSFER IS BETWEEN SPOUSES.

(2)  THE TOTAL AMOUNT OF THE PROPERTY TAX CREDIT UNDER
THIS SECTION IS INCLUDED IN DETERMINING THE AMOUNT OF PROPERTY
TAX THAT IS:

(I)  PAID BY THE HOMEOWNER; AND

(II)  ADJUSTED AT THE TIME OF SETTLEMENT BETWEEN
THE HOMEOWNER AND THE BUYER.

(3)  THE HOMEOWNER IS CREDITED FOR THE PART OF THE
PROPERTY TAX CREDIT UNDER THIS SECTION THAT THE HOMEOWNER'S
PERIOD OF OWNERSHIP DURING THE TAXABLE YEAR IN WHICH THE TRANSFER
OCCURS BEARS TO THE ENTIRE TAXABLE YEAR. THE BUYER SHALL PAY THE
REMAINING PART OF THE PROPERTY TAX CREDIT UNDER THIS SECTION TO
THE COUNTY.

(4)  ANY PROPERTY TAX CREDIT UNDER THIS SECTION THAT
IS COLLECTED BY A COUNTY FROM A BUYER UNDER THIS SUBSECTION SHALL
BE CREDITED TO THE STATE LESS ANY COST INCURRED BY ANY COUNTY OR
A MUNICIPAL CORPORATION.

(P) REPORT TO OBTAIN REIMBURSEMENT.

(1)  EACH MONTH OR MORE FREQUENTLY, IF APPROPRIATE,
EACH COUNTY COLLECTOR SHALL SUBMIT A REQUEST TO THE DEPARTMENT
FOR REIMBURSEMENT FOR AN AMOUNT EQUAL TO THE PROPERTY TAX CREDITS
UNDER THIS SECTION AND REDEEMED PROPERTY TAX CREDIT VOUCHERS PAID
UNDER THIS SECTION.

(2)  THE REQUEST MAY NOT INCLUDE THE PROPERTY TAX
CREDITS UNDER § 9-101 OF THIS SUBTITLE.

(3)  WITHIN 5 WORKING DAYS AFTER RECEIPT OF THE
REQUEST THE DEPARTMENT SHALL CERTIFY TO THE COMPTROLLER THE
AMOUNT OF REIMBURSEMENT DUE TO EACH COUNTY.

(4)  WITHIN 5 WORKING DAYS:

(I)  THE COMPTROLLER SHALL MAKE THE
REIMBURSEMENT TO EACH COUNTY; OR

(II)  THE APPROPRIATE COUNTY COLLECTOR MAY
WITHHOLD AN AMOUNT OF STATE TAXES SUFFICIENT TO REIMBURSE THE
COUNTY.