Bill No.
42-16
Concerning: Taxation - Property Tax
Credit - Elderly Individuals and
Veterans
Revised:
3/7/2016
Draft No.
Introduced:
October 18. 2016
Enacted:
March 7. 2017
Executive:
March 15.2017
Effective:
July 1. 2017
Sunset Date:
-!...!N~onC!:e,,--
_ _ _
~
____
Ch. _6_, Laws of Mont. Co.
2017
COUNTY COUNCIL
FOR MONTGOMERY COUNTY, MARYLAND
Lead Sponsor: Council President Floreen
Co-Sponsors: Councilmembers Navarro, Rice, and Katz
AN
ACT
to:
(1)
(2)
(3)
create a property tax credit for certain elderly individuals and veterans;
provide for the eligibility for the property tax credit; and
generally amend the law relating to property
tax
credits.
By adding
Montgomery County Code
Chapter 52, Taxation
Section 52-110, Property tax credit - elderly individuals and veterans
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 krw or the
bill by
amendment.
Existing law unaffected
by bill.
The County Council for Montgomery County, Maryland approves the following Act:
 PDF to HTML - Convert PDF files to HTML files
Bill No. 42-16
1
Sec.
1.
Section 52-110 is added as follows:
52-110. Property tax credit elderly individuals and veterans.
2
3
4
=
W
Definitions.
In
this Section, the following words have the meanings
indicated:
Department
means the Department of Finance.
Director
means the Director of the Department or the Director's
5
6
7
8
designee.
Dwelling
has the same meaning as in §9-105 ofthe Tax-Property Article
9
10
11
of the Maryland Code.
(Q)
Credit.
As authorized
ill::
§9-257 of the Tax-Property Article of the
~
Maryland Code, an eligible individual may receive
credit against the
12
County property tax imposed on the dwelling of an eligible individual.
13
14
15
W
Eligibility.
An
individual is eligible to receive
~
property tax credit if:
ill
CA)
the individual is at least
65
years old [[and:]];
[[(A)]]
all
the individual has lived in the same dwelling for at least
the preceding 40 years; [[or]] and
16
17
18
19
LC:l
the dwelling for which a property tax credit is sought has a
maximum assessed value of
$650,000
at the time the
individual first applied for the crec:litJrr
20
21
aJ
CA)
ill)
the individual is at least
65
years old;
the individual is
armed forces; and
~
retired member of the United States
22
23
[[rn]]
LC:l
the dwelling for which
~
property
tax
credit is sought
24
25
26
has
~
maximum assessed value of
$500,000
at the time the
individual first applied for the credit.
@
Amount and duration
gf
credit.
-2­
 PDF to HTML - Convert PDF files to HTML files
BILL
No.
42-16
27
ill
ill
UU
The credit allowed under this Section is 20% of the [[county]]
County property tax imposed on the dwelling.
The credit must be granted each year for
remains eligible for the credit.
28
29
2
years if the individual
30
31
32
33
Application.
ill
A property owner must submit an application to the Director on or
before [[the date that the Director sets for]] April 1 before each tax
year that the individual remains eligible for the credit.
34
35
36
ill
An application must:
(A)
be on the form that the Director requires; and
demonstrate that the taxpayer is entitled to the credit.
37
38
.aD
ill
Regulations.
The County Executive may issue regulations under Method
39
40
2
to administer this
tax
credit.
Sec. 2. Applicability.
Section 52-110. as added by Section 1 of this Act. takes
effect on July
1.
2017.
41
42
Sec. 3. Application date.
Notwithstanding Section 52-110(e), an individual
must submit an application to the Director on or before September 1. 2017 if the
individual seeks to receive the tax credit for Fiscal Year 2018.
43
44
-3­
 PDF to HTML - Convert PDF files to HTML files
Bill
No.
42-16
Date
Approved:
did&~
This is a correct copy ofCouncil action.
Linda M. Lauer, Clerk of the Council
Date
-4­