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Ch. 296
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2000 LAWS OF MARYLAND
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(E) (1) FOR AN INDIVIDUAL WHO PURCHASES A NEW, HIGHLY
ENERGY EFFICIENT PRINCIPAL RESIDENCE DURING THE TAXABLE YEAR, THE
CREDIT ALLOWED UNDER THIS SECTION INCLUDES AN AMOUNT EQUAL TO:
(I) $1,000 IF THE PROPERTY QUALIFIES AS 30% PROPERTY AS
DETERMINED UNDER PARAGRAPH (3) OF THIS SUBSECTION;
(II) $1,500 IF THE PROPERTY QUALIFIES AS 40% PROPERTY AS
DETERMINED UNDER PARAGRAPH (3) OF THIS SUBSECTION; OR
(III) $3,000 IF THE PROPERTY QUALIFIES AS 50% PROPERTY AS
DETERMINED UNDER PARAGRAPH (3) OF THIS SUBSECTION.
(2) PROPERTY QUALIFIES AS A NEW, HIGHLY ENERGY EFFICIENT
PRINCIPAL RESIDENCE UNDER THIS SUBSECTION IF:
(I) THE PROPERTY IS LOCATED IN THE STATE;
(II) THE ORIGINAL USE OF THE PROPERTY COMMENCES WITH THE
TAXPAYER;
(III) WITHIN 60 DAYS OF THE ORIGINAL USE, THE PROPERTY IS THE
PRINCIPAL RESIDENCE OF THE TAXPAYER WITHIN THE MEANING OF § 121 OF THE
INTERNAL REVENUE CODE; AND
(IV) BEFORE THE ORIGINAL USE COMMENCES, AN INDIVIDUAL
QUALIFIED TO DETERMINE COMPLIANCE CERTIFIES THE PROPERTY AS BEING 50%
PROPERTY, 40% PROPERTY, OR 30% PROPERTY UNDER PARAGRAPH (3) OF THIS
SUBSECTION.
(3) FOR PURPOSES OF THIS SUBSECTION, PROPERTY IS 50% PROPERTY,
40% PROPERTY, OR 30% PROPERTY IF THE PROJECTED ENERGY USAGE OF THE
PROPERTY IS REDUCED BY AT LEAST 50%, 10%, OR 30%, RESPECTIVELY, COMPARED TO
THE ENERGY USAGE OF A REFERENCE HOUSE THAT COMPLIES WITH MINIMUM
STANDARD PRACTICE CALLED FOR UNDER THE 1995 MODEL ENERGY CODE, AS
DETERMINED ACCORDING TO THE REQUIREMENTS SPECIFIED IN REGULATIONS
ADOPTED BY THE MARYLAND ENERGY ADMINISTRATION.
(4) A DETERMINATION OF COMPLIANCE MADE FOR THE PURPOSES OF
THIS SUBSECTION SHALL BE FILED WITH THE MARYLAND ENERGY ADMINISTRATION
WITHIN 1 YEAR OF THE DATE OF THE DETERMINATION AND SHALL INCLUDE THE
TAXPAYER IDENTIFICATION NUMBER OF THE CERTIFIER, THE ADDRESS OF THE
BUILDING IN COMPLIANCE, AND THE IDENTITY OF THE PERSON FOR WHOM THE
DETERMINATION WAS PERFORMED.
(5) THE MARYLAND ENERGY ADMINISTRATION SHALL ESTABLISH
REQUIREMENTS FOR CERTIFICATION AND COMPLIANCE PROCEDURES AFTER
EXAMINING THE REQUIREMENTS FOR ENERGY CONSULTANTS AND HOME ENERGY
RATING PROVIDERS SPECIFIED BY THE MORTGAGE INDUSTRY NATIONAL
ACCREDITATION PROCEDURES FOR HOME ENERGY RATING SYSTEMS.
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- 1740 -
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