Title
AN ACT CONCERNING PROPERTY TAX CREDIT FOR ELDERLY INDIVIDUALS OF LIMITED INCOME for the purpose of establishing a property tax credit for elderly individuals of limited income; providing for eligibility criteria and amount of credit; and generally relating to the property tax credit for elderly individuals of limited income.
Body
FOR USE BY COUNCIL ADMINISTRATION:
Confidential: Yes / No
Requested by: Krystal Oriadha
Assigned to: Josh Hamlin
Legislastion Type: Bill
Need by Date:
Background Necessitating Legislation:
Special Instructions/Concerns/Time Critical Information:
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DRAFTER PLEASE COMPLETE THE FOLLOWING:
Proposer(s): Council Member Oriadha
Background
Pursuant to the authority granted in Section 9-245 of the Tax-Property Article of the Annotated Code of Maryland, this bill will create a tax credit for individuals who are at least 65 years of age and who qualify to receive the State Homeowners’ Property Tax Credit. This income-targeted credit will be fifty percent (50%) of the State credit, and will not require an additional application beyond the application for the State credit.
REMINDER: Attach the Legislative file document