WILLIAM DONALD SCHAEFER, Governor                            Ch. 2

9-221.

(A)    THE MAYOR AND CITY COUNCIL OF BALTIMORE OR THE
GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORATION MAY
GRANT, BY LAW, A PROPERTY TAX CREDIT AGAINST THE COUNTY OR
MUNICIPAL CORPORATION PROPERTY TAX IMPOSED ON REAL PROPERTY
IN ORDER TO OFFSET IN WHOLE OR IN PART INCREASES IN THE COUNTY
OR MUNICIPAL CORPORATION INCOME TAX REVENUES RESULTING
FROM A COUNTY INCOME TAX RATE IN EXCESS OF 50%.

(B)    THE CREDIT GRANTED UNDER THIS SECTION IS AVAILABLE
ONLY TO THE OWNER-OCCUPIED PROPERTY OF A HOMEOWNER AS
DEFINED IN § 9-105 OF THIS TITLE.

(C)    THE MAYOR AND CITY COUNCIL OF BALTIMORE OR THE
GOVERNING BODY OF A COUNTY OR MUNICIPAL CORPORATION MAY
PROVIDE BY LAW FOR:

(1)     THE AMOUNT OF A PROPERTY TAX CREDIT UNDER THIS
SECTION; AND

(2)     ANY OTHER PROVISIONS NECESSARY TO CARRY OUT THIS
SECTION.

Article 24 - Political Subdivisions - Miscellaneous Provisions

[9-1101.

(a)     (1) A grant shall be made to the counties and Baltimore City to offset
disparities in local income tax revenues.

(2) The allocation of the grant shall consider the variations in tax effort and
capacity of the counties and Baltimore City.

(b)     Funds for these grants shall be as provided in the budget.

(c)     Payment of any grants made under the provisions of this section shall be made
in 2 equal payments by December 31 and June 30 of the fiscal year in which the grant is
made.]

9-1101.

(A) (1) FOR EACH FISCAL YEAR, THE COMPTROLLER SHALL
DISTRIBUTE TO A COUNTY THE AMOUNT DETERMINED FOR EACH
COUNTY UNDER THIS SECTION.

(2) THE AMOUNT A COUNTY SHALL RECEIVE UNDER THIS
SECTION IN ANY FISCAL YEAR SHALL BE BASED ON THE COUNTY INCOME
TAX COLLECTED FROM INDIVIDUALS FOR THE TAXABLE YEAR THAT
ENDED IN THE SECOND PRIOR FISCAL YEAR, FROM RETURNS FILED
THROUGH AUGUST 15 IMMEDIATELY PRECEDING THE APPLICABLE
FISCAL YEAR, AS DETERMINED BY THE COMPTROLLER.

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