AGENDA ITEM #5
March 4,2014
Introduction
MEMORANDUM
February 28,2014
TO:
FROM:
SUBJECT:
County Council
/Y}
I
~
Josh Hamlin, Legislative
Attorne~
Introduction:
Bill 17-14, Property Tax Credit
Income
Senior Citizens of Limited
Bill 17-14, Property Tax Credit - Senior Citizens of Limited Income, sponsored by
Councilmembers Riemer, Andrews, Branson, Floreen and Navarro, is scheduled to be introduced
on March 4,2014. A public hearing is tentatively scheduled for April 29 at 1:30 p.m.
Bill 17-14 would double the amount of each year's property tax credit for senior citizens
of limited income from 25% to 50% of the State and County Homeowners' Property Tax Credit
awarded in that year.
This packet contains:
Bil117-14
Legislative Request Report
Circle #
1
3
F:\LA w\BILLS\1417 Property Tax Credit For Senior Citizens\Intro Memo.Doc
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Bill No.
17-14
Concerning: Property Tax Credit ­
Senior Citizens of Limited Income
Draft No. _1_
Revised:
01/16/2014
Introduced:
March 4, 2014
Expires:
September 4, 2015
Enacted: _ _ _ _ _ _ _ _ __
Executive: _ _ _ _ _ _ _ __
Effective: _ _ _ _ _ _ _ _ __
Sunset Date: _ _ _ _ _ _ _ __
Ch. _ _, Laws of Mont. Co. _ __
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
By: Councilmembers Riemer, Andrews, Branson, Ploreen and Navarro
AN
ACT to:
(1) increase the amount ofthe property tax credit for senior citizens oflimited income;
and
(2) generally amend the County law regarding property tax credits.
By amending
Montgomery County Code
Chapter 52, Taxation
Section 52-11 C, Property tax credit - senior citizens of limited income
Boldface
Underlining
[Single boldface brackets]
Double underlining
[[Double boldface brackets]]
* * *
Heading or defined term.
Added to existing law by original bill.
Deletedfrom existing law by original bill.
Added by amendment.
Deletedfrom existing law or the bill by amendment.
Existing law unaffected by bill.
The County Council for Montgomery County, Maryland approves the following Act:
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BILL
No.
17-14
Sec
1.
Section 52-IIC is amended as follows:
2
3
52-IIC. Property tax credit ­ senior citizens of limited income.
*
(b)
*
*
4
5
6
7
8
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-IIA.
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Sec 2. Effective Date.
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*
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10
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The amendment to Section 52-11 C in Section 1 of this Act takes effect on July
1, 2014 and applies to any tax year that begins on or after that date.
Approved:
12
Craig
L.
Rice, President, County Council
Date
13
Approved:
14
Isiah Leggett, County Executive
Date
15
This is a correct copy ofCouncil action.
16
Linda M. Lauer, Clerk of the Council
Date
(j)
f:\law\bills\1417 property tax credit for senior citizens\bill1.doc
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LEGISLATIVE REQUEST REPORT
Bill 17-14
Property Tax Credit
-
Senior Citizens ofLimited Income
DESCRIPTION:
PROBLEM:
GOALS AND
OBJECTIVES:
COORDINATION:
FISCAL IMPACT:
ECONOMIC
IMPACT:
EVALUATION:
EXPERIEN CE
ELSEWHERE:
SOURCE OF
INFORMATION:
APPLICATION
WITHIN
MUNICIPALITIES:
PENALTIES:
Bill 17-14 would
The County wishes to increase property tax relief to senior citizens of
limited income.
To double the amount of each year's property tax credit for senior
citizens of limited income from 25% to 50% of the State and County
Homeowners' Property Tax Credit awarded in that year.
Office of Finance
To be requested.
To be requested.
To be requested.
To be researched.
Josh Hamlin, 240-777-7892
Not applicable
Not applicable.
F:\LAW\BILLSI 1417
Property Tax Credit For Senior CitizenslLEGISLATIVE REQUEST REPORT,Doc