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2007 Laws of Maryland
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Ch. 208
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(IV) A BROTHER OR SISTER;
(V) A SON-IN-LAW, DAUGHTER-IN-LAW, STEPSON-IN-LAW,
OR STEPDAUGHTER-IN-LAW;
(VI) A GRANDCHILD OR STEPGRANDCHILD; OR
(VII) A GRANDPARENT OR STEPGRANDPARENT.
(c) (4) (i) For a homeowner who is an active member of an agricultural
[limited liability] OWNERSHIP entity to qualify for the property tax credit under this
section:
1. the dwelling must have been owned and occupied by
the active member:
A. at the time of its transfer to the agricultural [limited
liability] OWNERSHIP entity; or
B. if the agricultural [limited liability] OWNERSHIP
entity is a limited liability company and the dwelling was originally transferred to the
agricultural [limited liability] OWNERSHIP entity as part of a conversion from a
partnership under § 4A-211 of the Corporations and Associations Article, then at the
time of its transfer to the former partnership; and
2. the agricultural [limited liability] OWNERSHIP entity
and the active member who occupies the dwelling must file an application with the
Department establishing initial eligibility for the credit on or before June 30 for the
following taxable year and, at the request of the Department, must file an application
in any future year to verify continued eligibility.
(ii) Failure to file a timely application may result in
disqualification from the Homestead Tax Credit Program for the following taxable
year.
(iii) The credit may only be granted to one dwelling owned by the
agricultural [limited liability] OWNERSHIP entity.
(iv) Participation in the credit program as the active member of
an agricultural [limited liability] OWNERSHIP entity disqualifies any other dwellings
owned by the active member for the credit.
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- 1506 -
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