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PARRIS N. GLENDENING, Governor
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Ch. 446
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(3) [If] EXCEPT AS PROVIDED IN SUBSECTION (S) OF THIS SECTION, IF a
credit is granted for an eligible application received after May 1, property tax is not
due on the property until 30 days after the revised tax bill is sent to the homeowner.
(4) If a municipal corporation or a special taxing district issues a tax bill
separate from the county tax bill, the county may require the homeowner to submit:
(i) the separate tax bill; or
(ii) proof of payment of the separate tax bill.
(n) If a municipal corporation or a special taxing district issues a tax bill to a
homeowner, the Department shall include the property tax rate of the municipal
corporation or the special taxing district in calculating the property tax credit under
this section and final tax liability.
(o) (1) Except for transfers between spouses, including a conveyance to a
surviving spouse from the personal representative of a deceased spouse, if a
homeowner transfers a dwelling that is subject to a property tax credit under this
section, the property tax credit ends on the date that the property is transferred. The
credit is not ended if the transfer is between spouses.
(2) The total amount of the property tax credit under this section is
included in determining the amount of property tax that is:
(i) paid by the homeowner; and
(ii) adjusted at the time of settlement between the homeowner and
the buyer.
(3) The homeowner is credited for the part of the property tax credit
under this section that the homeowner's period of ownership during the taxable year
in which the transfer occurs bears to the entire taxable year. The buyer shall pay the
remaining part of the property tax credit under this section to the county.
(4) Any property tax credit under this section that is collected by a
county from a buyer under this subsection shall be credited to the State less any cost
incurred by any county or a municipal corporation.
(p) The final tax liability of a home purchaser due at settlement shall be
adjusted to reflect any credit certified by the Department.
(q) (1) Each month or more frequently, if appropriate, each county collector
shall submit a request to the Department for reimbursement for an amount equal to
the property tax credits under this section and redeemed property tax credit vouchers
paid under this section.
(2) The request may not include the property tax credits for which the
county or municipal corporation is responsible under § 9-101(g) of this subtitle.
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(3) Within 5 working days after receipt of the request the Department
shall certify to the Comptroller the amount of reimbursement due to each county.
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- 3669 -
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