[Adopted 4-8-2008 by Bill No. 2008-2]
A.
The definition of terms used in this Article shall
be those provided under § 9-104 of the Tax-Property Article
of the Annotated Code of Maryland, except as may otherwise be provided
herein.
B.
THE STATE PROGRAM
As used in this Article, the following terms shall
have the meanings indicated:
The Maryland state property tax credit program established
under Section 9-104 of the Tax-Property Article of the Annotated Code
of Maryland.
A.
No applicant for the tax credit provided in this Article
shall be less than 70 years of age, nor have resided in Caroline County
for less than 15 years as of July 1 in the year in which a tax credit
may be provided to the applicant under this Article.
B.
If an applicant satisfies the requirements in Subsection A of this section and qualifies for a property tax credit under The State Program, the applicant qualifies for the tax credit provided under this Article.
C.
If an applicant satisfies the requirements in Subsection A and fails to qualify for a tax credit under The State Program, the applicant may qualify for the tax credit provided in this Article if the following conditions are satisfied:
(1)
The dwelling for which an application is made is the
principal residence of the applicant and the applicant expects to
reside in the residence for at least six months during the tax year,
including July 1; and
(2)
The applicant has a legal interest in the property
for which the application has been made.
A.
If an applicant qualifies under § 166-73B of this Article and the combined gross income of the applicant is $20,000 or less, the amount of the property tax credit provided under this Article shall be equal to $500 or, after applying the property tax credit received under The State Program, the remaining real property taxes owed by the applicant for the tax year, whichever is less.
B.
If an applicant qualifies under § 166-73B of this Article and the combined gross income of the applicant is greater than $20,000 but less than $60,000, the amount of the property tax credit provided under this Article shall be equal to $250 or, after applying the amount of the property tax credit received under The State Program, the remaining real property taxes owed by the applicant for the tax year, whichever is less.
C.
If an applicant qualifies under § 166-73C of this Article and the applicant is less than age 85 on July 1 in the year of application, the amount of the property tax credit provided under this Article shall be equal to $100 or the total of the real property taxes owed by the applicant for the tax year, whichever is less.
No applicant may claim a tax credit provided
under this Article in any tax year for more than one residence.
