other endeavor.

HARRY HUGHES, Governor                                        775

2. any loss from business, rental, or

(7)  "Net worth" means the sum of the current market
value of all assets, less any outstanding liability.

(8)  "Occupancy rent" means the rent paid for the
right to occupy a dwelling less the reasonable value of the
utilities or furnishings or both if the utilities or the use of
the furnishings or both are included in the rent.

(9)   "Renter" means an individual, who during the
calendar year for which the property tax relief under this
section is sought, actually occupies a dwelling in which the
individual has a leasehold interest and who:

(i) is at least 60 years old; or

(ii) has been found permanently and totally
disabled and has qualified for benefits under:

1.  the Social Security Act;

2.  the Railroad Retirement Act;

3.  any federal act for members of the
United States Armed Forces; or

4.  any federal retirement system; or

(iii) has been found permanently and totally
disabled by a county health officer or the Baltimore City
Commissioner of Health.

(b)  There is a property tax relief program for any renter.

(c)  The Department shall adopt regulations necessary to
carry out this section.

(d)  The Department shall give to each renter notice of
possible property tax relief under this section.

(e)  If a dwelling is not actually occupied or expected to
be occupied by the renter for 6 months or more of the calendar
year, the dwelling is not a principal residence.

(f)  (1) On or before July 1 of the year following the
calendar year for which property tax relief under this section is
sought, a renter may apply to the Department for the property tax
relief. The application shall be made on the form that the
Department provides.

(2) The renter shall state under oath that the
statements in the application are true.