Ch. 221                                     1993 LAWS OF MARYLAND

(b) [Provided that in] IN St. Mary's, Dorchester, Kent, and Frederick Counties it
shall not be necessary to publish an itemized statement of county expenses, but a
summary of [such] THE statement shall be published as required herein, and [such] an
itemized statement shall be available for public examination in the office of the clerk to
the county commissioners.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1993.

Approved May 11, 1993.

CHAPTER 221
(Senate Bill 237)

AN ACT concerning

Homestead Property Tax Credit - Local Homestead Credit Percentage

FOR the purpose of altering the date by which a homestead property tax credit
percentage shall be set by the Mayor and City Council of Baltimore City or the
governing body of a county or municipal corporation; providing that the homestead
credit percentage for a county shall be a certain percentage under certain
circumstances; and generally relating to the homestead property tax credit.

BY repealing and reenacting, with amendments,                                                         

Article - Tax - Property                                                         

Section 9-105(e)                                                                                               

Annotated Code of Maryland
(1986 Volume and 1992 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:                                 

Article - Tax - Property             

9-105.

(e) (1) For each taxable year, the property tax credit under this section is
calculated by:                                                                     

(i) multiplying the prior year's taxable assessment by the homestead
credit percentage as provided under paragraph (2) of this subsection;

(ii) subtracting that amount from the current year's assessment; and

(iii) if the difference is a positive number, multiplying the difference-by
the applicable State, county, or municipal corporation property tax rate for the current
year.

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