Ch. 678

LAWS OF MARYLAND

1. USED AS THE PRINCIPAL RESIDENCE OF A
HOMEOWNER AND THE LOT OR CURTILAGE ON WHICH THE HOUSE IS ERECTED;
AND

2. ACTUALLY OCCUPIED OR EXPECTED TO BE
ACTUALLY OCCUPIED BY THE HOME PURCHASER FOR MORE THAN 6
CONSECUTIVE MONTHS, NOT NECESSARILY INCLUDING JULY 1 OF THE
TAXABLE YEAR IN WHICH THE PROPERTY TAX CREDIT IS SOUGHT OF THE
TAXABLE YEAR FOR WHICH THE PROPERTY TAX CREDIT UNDER THIS SECTION
IS SOUGHT.

(8)  "Homeowner" means an individual who[,]:

(I)  on July 1 of the taxable year for which the
tax credit is to be allowed:

[(i)] 1. actually resides in a dwelling
in which the individual has a legal interest; or

[(ii)] 2. under a court order or
separation agreement, permits a spouse, a former spouse, or a
child of the individual's family to reside without payment of
rent in a dwelling in which the individual has a legal interest;
OR

(II) 1. IS A HOME PURCHASER; AND

2. ACTUALLY RESIDES IN A DWELLING IN
WHICH THE INDIVIDUAL HAS A LEGAL INTEREST, WHETHER OR NOT THE
INDIVIDUAL RESIDES IN THE DWELLING ON JULY 1 OF THE TAXABLE YEAR
FOR WHICH THE TAX CREDIT IS SOUGHT.

(9)  "HOME PURCHASER" MEANS AN INDIVIDUAL WHO
PURCHASES A DWELLING IN THE TAXABLE YEAR FOR WHICH THE TAX CREDIT
UNDER THIS SECTION IS SOUGHT.

(g) (1) [The] EXCEPT AS PROVIDED IN SUBSECTION (G-l) OF
THIS SECTION, THE property tax credit under this section is the
total real property tax of a dwelling, less the percentage of the
combined income of the homeowner that is described in paragraph
(2) of this subsection.

(2) The percentage is:

(i) 0% of the 1st $4,000 of combined income;

(ii) 3.5% of the 2nd $4,000 of combined income;

(iii) 5.5% of the 3rd $4,000 of combined
income;

(iv) 7.5% of the 4th $4,000 of combined income;
and

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