Ch. 8                                           LAWS OF MARYLAND

(1)   [$1,100] $1,200 for each exemption that the
individual may deduct in the taxable year to determine federal
taxable income under § 151 of the Internal Revenue Code;

(2)  an additional [$1,100] $1,200 for each dependent,
as defined in § 152 of the Internal Revenue Code, who is at least
65 years old on the last day of the taxable year;

(3)  an additional $1,000 if the individual, on the
last day of the taxable year, is at least 65 years old; and

(4)  an additional $1,000 if the individual is, on
the last day of the taxable year, is a blind individual, as
described in § 10-207(c) of this subtitle.

SECTION 3. 4. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Tax - Property

9-102.

(h) (1) The property tax relief that a renter may receive
under this section is the assumed property tax on real property
less a percentage of the combined income of the renter.

(2) The percentage is:

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

(ii) [3.5%] 2.5% 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

(v) 9% of the combined income over $16,000.

(i) The property tax relief under this section may not be:

(1)  more than [$500] $600;

(2)  granted to any renter whose combined net worth
exceeds $200,000 as of December 31 of the calendar year for which
the property tax relief is sought;

(3)  granted to any renter whose dwelling is exempt
from property tax; and

(4)  granted if the credit under this section is less
than $1 in any year.

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