ROBERT L. EHRLICH, JR., Governor                             Ch. 501

(IV) PARTICIPATION IN THE CREDIT PROGRAM AS THE ACTIVE
MEMBER OF AN AGRICULTURAL LIMITED LIABILITY COMPANY DISQUALIFIES ANY
OTHER DWELLINGS OWNED BY THE ACTIVE MEMBER FOR THE CREDIT.

10-204.3.

(a)     In this section, "owner-occupied residential property" means the principal
residence of a homeowner as defined in § 9-105 of this article.

(b)     Notwithstanding Subtitle 1 of this title:

(1)     the governing body of a county shall provide a semiannual payment
schedule for State, county, and special taxing district property taxes due on
owner-occupied residential property; and

(2)     the governing body of a municipal corporation shall provide a
semiannual payment schedule for municipal corporation and special taxing district
property taxes due on owner-occupied residential property.

(c)     A semiannual payment schedule under this section shall apply:

(1)     at the time of the transfer of property purchased on or after July 1,
2000; and

(2)     to any current or future owner of owner-occupied residential
property, regardless of whether the property was purchased before July 1, 2000.

(d)     (1) The semiannual payment schedule under this section shall apply to:

(i) the property tax due for the tax year following transfer of the
property; and

(ii) the property tax due and not in arrears for the current tax year
for any transfer occurring on or after July 1 but on or before September 30.

(2) The first installment of a semiannual payment shall be paid on or
before September 30.

(e)     A semiannual payment schedule may include a service charge to be paid
with the second installment.

(f)      A service charge:

(1) shall be:

(i) adopted by the taxing authority that collects the property taxes
after obtaining the prior approval of the amount of the service charge from the
Department, as part of adoption of the property tax rate under §§ 6-301 through
6-303 of this article;

(ii) applicable to all property tax being collected by the taxing
authority on the semiannual payment schedule for itself and for any other taxing
authority;

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