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PARRIS N. GLENDENING, Governor
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Ch. 394
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provide the Department with certain executed documents; requiring the
Department to develop certain regulations; authorizing the Department to
determine the amount of the tax credit that a home purchaser applying for the
tax credit may receive; requiring the Department to provide a home purchaser
applying for the tax credit with written notice of certain decisions; providing
that a home purchaser applying for the tax credit may use the credit to alter tax
liability under certain circumstances; providing for the application of this Act;
and generally relating to eligibility for a homeowners' property tax credit.
BY renumbering
Article - Tax - Property
Section 9-104(p) and (q), respectively
to be (q) 9-104(q) and (r), respectively
Annotated Code of Maryland
(1994 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, without amendments,
Article - Tax - Property
Section 9-104(g-1)
Annotated Code of Maryland
(1994 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-104(k-1)
Annotated Code of Maryland
(1994 Replacement Volume and 1999 Supplement)
BY adding to
Article - Tax - Property
Section 9-104(p)
Annotated Code of Maryland
(1994 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 9-104 (p) and (q), respectively, of Article - Tax -
Property of the Annotated Code of Maryland be renumbered to be Section(s) 9-104 (q)
and (r), respectively.
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Article - Tax - Property
9-104.
(g-1) For home purchasers, the property tax credit is the amount of the credit as
calculated under subsection (g) of this section multiplied by a fraction, where:
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- 2149 -
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