WILLIAM DONALD SCHAEFER, Governor                   Ch. 776

assessment on which a property tax credit under this section is
authorized.

(b)   [For the taxable years 1986-1987 and 1987-1988, if] IF
there is an increase in property assessment as calculated under
[subsection (e) of] this section, the governing body of each
county and of each municipal corporation shall grant a property
tax credit under this section against the county and municipal
corporation property tax imposed on real property by the county
or municipal corporation.

(c)  (1) If a dwelling is not used primarily for residential
purposes, the Department shall apportion the total property
assessment between the part of the dwelling that is used for
residential purposes and the part of the dwelling that is not
used for residential purposes.

(2) If a homeowner does not actually reside in a
dwelling for the required time period because of illness or need
of special care and is otherwise eligible for a property tax
credit under this section, the homeowner may qualify for the
property tax credit under this section.

(d)  (1) The Department shall authorize and a county or
municipal corporation shall grant a property tax credit under
this section unless during the previous calendar year:

(i) the dwelling was transferred for
consideration to new ownership;

(ii) the value of the dwelling was increased
due to a change in the zoning classification of the dwelling;

(iii) the use of the dwelling was changed
substantially;

(iv) the dwelling was improved extensively; or

(v) the assessment of the dwelling was clearly
erroneous due to an error in calculation or measurement of
improvements on the real property.

(2)  A homeowner must actually reside in the dwelling
by July 1 of the taxable year for which the property tax credit
under this section is to be allowed.

(3)  A homeowner may claim a property tax credit under
this section for only 1 dwelling.

(4)  If a property tax credit under this section is
less than $1 in any taxable year, the tax credit may not be
granted.

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