Bill No. 17-14
Concerning: Property Tax Credit – Senior Citizens of Limited Income
Revised: 10/20/2014 Draft No. 3
Introduced: March 4, 2014
Enacted: October 28, 2014
Executive: November 10, 2014
Effective: July 1, 2015
Sunset Date: None
Ch. 34 , Laws of Mont. Co. 2014
County Council
For Montgomery County, Maryland
By: Councilmembers Riemer, Andrews, Floreen, Branson, Navarro, Berliner and Council President Rice
AN ACT to:
(1) increase the amount of the property tax credit for senior citizens of limited income;
(2) lower the minimum age of eligibility for the credit; and
(3) generally amend the County law regarding property tax credits.
By amending
Montgomery County Code
Chapter 52, Taxation
Section 52-11C, Property tax credit – senior citizens of limited income
Boldface Heading or defined term. Underlining Added to existing law by original bill. [Single boldface
brackets] Deleted
from existing law by original bill. Double
underlining
Added
by amendment. [[Double boldface brackets]] Deleted from existing law or the bill by
amendment. *
* * Existing law unaffected by bill.
The County Council for Montgomery County, Maryland approves the following Act:
Sec 1. Section 52-11C is amended as follows:
52-11C. Property tax credit — senior citizens of limited income.
(a) The Director of Finance must allow a tax credit each year against the general County tax and all special service area taxes imposed on any real property that is owned by, and is the principal residence of, an individual who:
(1) is at least [[70]] 65 years old; and
(2) qualifies to receive either the state Homeowners’ Property Tax Credit or the County supplement to the Homeowners’ Property Tax Credit under Section 52-11A, or both.
(b) For each taxable year, the credit under this Section equals [25%] 50% of the total state and County credit awarded for that tax year under state law and Section 52-11A.
(c) The Director must apply this credit automatically each year to the property tax due from any eligible taxpayer. A taxpayer need not file an application, other than the application filed to receive the Homeowners’ Property Tax Credit, to receive this credit. To qualify for this tax credit, the taxpayer must show in that application that at least one individual who owns and resides in the applicable residence is at least [[70]] 65 years old.
* * *
Sec 2. Effective Date.
The amendment to Section 52-11C in Section 1 of this Act takes effect on July 1, [[2014]] 2015 and applies to any tax year that begins on or after that date.
Approved: