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2007 Laws of Maryland
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Ch. 564
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1. ON OR BEFORE SEPTEMBER 1 WITHIN 180 DAYS
FOLLOWING THE DATE THE DWELLING IS TRANSFERRED FOR CONSIDERATION
TO NEW OWNERSHIP, FOR A DWELLING THAT IS TRANSFERRED FOR
CONSIDERATION TO NEW OWNERSHIP AFTER DECEMBER 31, 2007; OR
2. ON OR BEFORE DECEMBER 31, 2012, FOR A
DWELLING THAT WAS LAST TRANSFERRED FOR CONSIDERATION TO NEW
OWNERSHIP ON OR BEFORE DECEMBER 31, 2007.
(IV) THE DEPARTMENT SHALL PROVIDE A HOMEOWNER THE
OPTION TO SUBMIT THE APPLICATION REQUIRED UNDER THIS PARAGRAPH
ELECTRONICALLY ON THE DEPARTMENT'S WEBSITE.
(L) THE COMPTROLLER SHALL:
(1) COOPERATE WITH THE DEPARTMENT IN ADOPTING A
PROCEDURE TO AUDIT THE APPLICATION FORMS SUBMITTED UNDER THIS
SECTION;
(2) NOTWITHSTANDING § 13-202 OF THE TAX - GENERAL
ARTICLE, PROVIDE ADDITIONAL INFORMATION TO THE DEPARTMENT; AND
(3) ASSIST THE DEPARTMENT IN A POSTAUDIT OF EACH
APPLICATION.
(M) (1) THE COUNTIES SHALL REIMBURSE THE DEPARTMENT FOR
THE ADMINISTRATION OF THE APPLICATION PROCESS UNDER SUBSECTION
(D)(6) OF THIS SECTION.
(2) FOR EACH FISCAL YEAR, THE REIMBURSEMENT REQUIRED
UNDER THIS SUBSECTION SHALL BE PRORATED BASED ON THE RATIO OF THE
NUMBER OF IMPROVED PROPERTIES THAT WOULD BE ELIGIBLE FOR THE
CREDIT UNDER THIS SECTION LOCATED IN THE COUNTY COMPARED TO THE
TOTAL NUMBER OF IMPROVED RESIDENTIAL PROPERTIES ELIGIBLE FOR THE
CREDIT UNDER THIS SECTION STATEWIDE AS OF JULY 1 OF THAT FISCAL YEAR.
(3) THE DEPARTMENT SHALL BILL EACH COUNTY ACCORDING TO
THE FORMULA UNDER PARAGRAPH (2) OF THIS SUBSECTION.
SECTION 2. AND BE IT FURTHER ENACTED, That the State Department of
Assessments and Taxation, in consultation with the Comptroller of the Treasury, shall
initiate two studies of the implementation of the homestead property tax credit
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- 3668 -
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