|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
Ch. 446
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a dwelling, multiplied by the lesser of the assessed value of the dwelling or $150,000;
and then reduced by any property tax credit granted under § 9-105 of this subtitle.
(a-1)(1) The homeowners' tax credit under this section is a State-funded
program.
(2) It is the intent of the General Assembly that:
(i) the State shall appropriate sufficient funds to reimburse the
full amount of tax credits granted under this section; and
(ii) the State, and not the local governments, shall bear the burden
of any insufficiency of funds to fully reimburse the counties for property tax credits
under this section.
(3) For any fiscal year, if State appropriations for reimbursement of tax
credits under this section do not provide sufficient funds to fully reimburse the
counties for tax credits granted under this section, the Governor shall include in the
budget bill for the next fiscal year a deficiency appropriation to provide the additional
funds to fully reimburse the counties.
(b) The Department shall adopt regulations to carry out this section.
(c) (1) Except as provided in subsection (e) of this section, the Department is
responsible for the administrative duties that relate to the application and
determination of eligibility for a property tax credit under this section.
(2) The Department may:
(i) make an agreement with a county collector for limited
assistance with a part of the administrative duties; and
(ii) reimburse the county for the reasonable cost of the assistance
provided.
(3) When an applicant for the property tax credit under this section
resides in an independent living unit at a continuing care facility for the aged, the
Department shall determine for the independent living unit:
(i) the lot size;
(ii) the assessed value of land and building; and
(iii) the total real property tax.
(d) When an assessment notice is sent to a homeowner, the Department shall
give notice of the possible property tax credit under this section.
(e) (1) The Comptroller shall include, in each package of income tax forms
and instructions, notice of the availability of a property tax credit under this section.
Notice shall include any information needed to convey:
(i) eligibility;
|
|
|
|
|
|
|
|
|
|
- 3665 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
