Maryland 2025 Regular Session

Maryland Senate Bill SB822 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
4	4	[Brackets] indicate matter deleted from existing law.
5	5	sb0822
6	6
7	7	SENATE BILL 822
8	8	Q1 5lr3252
9	9
10	10	By: Senator Jennings
11	11	Introduced and read first time: January 28, 2025
12	12	Assigned to: Budget and Taxation
13	13
14	14	A BILL ENTITLED
15	15
16	16	AN ACT concerning 1
17	17
18	18	Property Tax – Tax Credit for Nonprimary Residence 2
19	19
20	20	FOR the purpose of providing a credit against the State, county, and municipal corporation 3
21	21	property tax imposed on certain nonprimary residences under certain circumstances; 4
22	22	requiring the Mayor and City Council of Baltimore City and the governing body of 5
23	23	each county and municipal corporation to set, by law, a certain nonprimary residence 6
24	24	credit percentage for purposes of calculating the credit under this Act; and generally 7
25	25	relating to a property tax credit for nonprimary residences. 8
26	26
27	27	BY adding to 9
28	28	Article – Tax – Property 10
29	29	Section 9–112 11
30	30	Annotated Code of Maryland 12
31	31	(2019 Replacement Volume and 2024 Supplement) 13
32	32
33	33	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 14
34	34	That the Laws of Maryland read as follows: 15
35	35
36	36	Article – Tax – Property 16
37	37
38	38	9–112. 17
39	39
40	40	(A) (1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEANINGS 18
41	41	INDICATED. 19
42	42
43	43	(2) “ACTIVE MEMBER ” HAS THE MEANING STATED I N § 9–105 OF THIS 20
44	44	SUBTITLE. 21
45	45
46	46	(3) “AGRICULTURAL OWNERSHI P ENTITY” HAS THE MEANING 22
47	47	STATED IN § 9–105 OF THIS SUBTITLE. 23 2 SENATE BILL 822
48	48
49	49
50	50
51	51	(4) “HOMEOWNER ” MEANS AN INDIVIDUAL WHO HAS A LEGAL 1
52	52	INTEREST IN A NONPRIMARY RESIDENCE OR WHO IS AN ACTIVE MEMBER OF AN 2
53	53	AGRICULTURAL OWNERSH IP ENTITY THAT HAS A LEGAL INTEREST IN A 3
54	54	NONPRIMARY RESIDENCE. 4
55	55
56	56	(5) “LEGAL INTEREST ” MEANS AN INTEREST IN A NONPRIMARY 5
57	57	RESIDENCE: 6
58	58
59	59	(I) AS A SOLE OWNER ; 7
60	60
61	61	(II) AS A JOINT TENANT ; 8
62	62
63	63	(III) AS A TENANT IN COMMO N; 9
64	64
65	65	(IV) AS A TENANT BY THE E NTIRETIES; 10
66	66
67	67	(V) THROUGH MEMBERSHIP I N A COOPERATIVE ; 11
68	68
69	69	(VI) UNDER A LAND INSTALL MENT CONTRACT , AS DEFINED IN § 12
70	70	10–101 OF THE REAL PROPERTY ARTICLE; 13
71	71
72	72	(VII) AS A HOLDER OF A LIF E ESTATE; OR 14
73	73
74	74	(VIII) AS A SETTLOR, GRANTOR, OR BENEFICIARY OF A TRUST IF: 15
75	75
76	76	1. THE SETTLOR , GRANTOR, OR BENEFICIARY OF TH E 16
77	77	TRUST DOES NOT PAY R ENT OR OTHER REMUNER ATION TO RESIDE IN T HE 17
78	78	NONPRIMARY RESIDENCE; AND 18
79	79
80	80	2. LEGAL TITLE TO THE NONPRIMARY RESIDENCE IS 19
81	81	HELD IN THE NAME OF THE TRUST OR IN THE NAMES OF THE TRUSTEE S FOR THE 20
82	82	TRUST. 21
83	83
84	84	(6) (I) “NONPRIMARY RESIDENCE” MEANS: 22
85	85
86	86	1. A HOUSE: 23
87	87
88	88	A. THAT IS NOT USED AS THE PRIN CIPAL RESIDENCE OF 24
89	89	THE HOMEOWNER ; 25
90	90
91	91	B. THAT IS ACTUALLY OCCUPIED OR EXPECTED TO BE 26
92	92	ACTUALLY OCCUPIED BY THE HOMEOWNER FOR FE WER THAN 6 MONTHS OF A 27 SENATE BILL 822 3
93	93
94	94
95	95	12–MONTH PERIOD BEGINNI NG WITH THE DATE OF FINALITY FOR THE TAX ABLE 1
96	96	YEAR FOR WHICH THE P ROPERTY TAX CREDIT U NDER THIS SECTION IS SOUGHT; AND 2
97	97
98	98	C. FOR WHICH THE PROPERTY TAX CRE DIT UNDER § 3
99	99	9–105 OF THIS SUBTITLE IS NOT APPLICABLE ; AND 4
100	100
101	101	2. THE LOT OR CU RTILAGE ON WHICH THE HOUSE IS 5
102	102	ERECTED. 6
103	103
104	104	(II) “NONPRIMARY RESIDENCE” INCLUDES: 7
105	105
106	106	1. A CONDOMINIUM UNIT T HAT IS OCCUPIED BY A N 8
107	107	INDIVIDUAL WHO HAS A LEGAL INTEREST IN TH E CONDOMINIUM ; 9
108	108
109	109	2. AN APARTMENT IN A CO OPERATIVE APARTMENT 10
110	110	CORPORATION THAT IS OCCUPIED BY AN INDIV IDUAL WHO HAS A LEGA L INTEREST 11
111	111	IN THE APARTMENT ; AND 12
112	112
113	113	3. A PART OF REAL PROPE RTY USED OTHER THAN 13
114	114	PRIMARILY FOR RESIDE NTIAL PURPOSES , IF THE REAL PROPERTY IS USED AS A 14
115	115	PRINCIPAL RESIDENCE BY AN INDIVIDUAL WHO HAS A LEGAL INTEREST IN THE REAL 15
116	116	PROPERTY. 16
117	117
118	118	(III) “NONPRIMARY RESIDENCE ” DOES NOT INCLUDE 17
119	119	RESIDENTIAL REAL PRO PERTY THAT IS HELD B Y THE OWNER PRIMARIL Y FOR 18
120	120	RENTAL, INVESTMENT, OR THE GENERATION OF INCOME. 19
121	121
122	122	(7) “TAXABLE ASSESSMENT ” HAS THE MEANING STAT ED IN § 9–105 20
123	123	OF THIS SUBTITLE. 21
124	124
125	125	(B) (1) IF THERE IS AN INCREA SE IN PROPERTY ASSES SMENT AS 22
126	126	CALCULATED UNDER THI S SECTION, THE STATE AND THE GOVERNI NG BODY OF 23
127	127	EACH COUNTY AND OF E ACH MUNICIPAL CORPOR ATION SHALL GRANT A PROPERTY 24
128	128	TAX CREDIT UNDER THI S SECTION AGAINST TH E STATE, COUNTY, AND MUNICIPAL 25
129	129	CORPORATION PROPERTY TAX IMPOSED ON A NONPRIMARY RESIDENCE OF A 26
130	130	HOMEOWNER BY THE STATE, COUNTY, OR MUNICIPAL CORPORA TION. 27
131	131
132	132	(2) A PROPERTY TAX CREDIT GRANTED UNDER THIS S ECTION SHALL 28
133	133	BE APPLICABLE TO ANY STATE, COUNTY, OR MUNICIPAL CORPORATION PROPERTY 29
134	134	TAX AND ANY PROPERTY TAX IMPOSED FOR A BI COUNTY COMMISSION . 30
135	135
136	136	(C) (1) IF A NONPRIMARY RESIDENCE IS NOT USED PRIMARIL Y FOR 31
137	137	RESIDENTIAL PURPOSES , THE DEPARTMENT SHALL APPO RTION THE TOTAL 32 4 SENATE BILL 822
138	138
139	139
140	140	PROPERTY ASSESSMENT BETWEEN THE PART OF THE NONPRIMARY RESIDENCE 1
141	141	THAT IS USED FOR RES IDENTIAL PURPOSES AN D THE PART OF THE NONPRIMARY 2
142	142	RESIDENCE THAT IS NOT USED FOR RESIDENTIAL PURPOSES . 3
143	143
144	144	(2) (I) FOR A HOMEOWNER WHO I S AN ACTIVE MEMBER O F AN 4
145	145	AGRICULTURAL OWNERSH IP ENTITY TO QUALIFY FOR THE PROPERTY TAX CREDIT 5
146	146	UNDER THIS SECTION : 6
147	147
148	148	1. THE NONPRIMARY RESIDENCE MUST HAVE BEEN 7
149	149	OWNED AND OCCUPIED B Y THE ACTIVE MEMBER : 8
150	150
151	151	A. AT THE TIME OF ITS T RANSFER TO THE 9
152	152	AGRICULTURAL OWNERSH IP ENTITY; OR 10
153	153
154	154	B. IF THE AGRICULTURAL OWNERSHIP ENTITY IS A 11
155	155	LIMITED LIABILITY COMPANY AND THE NONPRIMARY RESIDENCE WAS ORIGINALLY 12
156	156	TRANSFERRED TO THE A GRICULTURAL OWNERSHI P ENTITY AS PART OF A 13
157	157	CONVERSION FROM A PA RTNERSHIP UNDER § 4A–211 OF THE CORPORATIONS AND 14
158	158	ASSOCIATIONS ARTICLE, THEN AT THE TIME OF ITS TRANSFER TO THE FORMER 15
159	159	PARTNERSHIP ; AND 16
160	160
161	161	2. THE AGRICULTURAL OWN ERSHIP ENTITY AND TH E 17
162	162	ACTIVE MEMBER WHO OC CUPIES THE NONPRIMARY RESIDENCE MUST FILE AN 18
163	163	APPLICATION WITH THE DEPARTMENT ESTABLISHI NG INITIAL ELIGIBILI TY FOR 19
164	164	THE CREDIT ON OR BEF ORE JUNE 30 FOR THE FOLLOWING TA XABLE YEAR AND , AT 20
165	165	THE REQUE ST OF THE DEPARTMENT , MUST FILE AN APPLICA TION IN ANY FUTURE 21
166	166	YEAR TO VERIFY CONTI NUED ELIGIBILITY . 22
167	167
168	168	(II) FAILURE TO FILE A TIM ELY APPLICATION MAY RESULT IN 23
169	169	DISQUALIFICATION FRO M THE NONPRIMARY RESIDENCE TAX CREDIT PROGRAM 24
170	170	FOR THE FOLLOWING TA XABLE YEAR. 25
171	171
172	172	(D) (1) SUBJECT TO THE PROVIS IONS OF PARAGRAPH (5) OF THIS 26
173	173	SUBSECTION, THE DEPARTMENT SHALL AUTH ORIZE AND THE STATE, A COUNTY, OR 27
174	174	A MUNICIPAL CORPORAT ION SHALL GRANT A PR OPERTY TAX CREDIT UN DER THIS 28
175	175	SECTION FOR A NONPRIMARY RESIDENCE FOR A TAXABLE YEAR UNLESS DURING 29
176	176	THE PREVIOUS TAXABLE YEAR: 30
177	177
178	178	(I) THE HOMEOWNER OF THE NONPRIMARY RESIDENCE DID 31
179	179	NOT ALSO MAINTAIN AN D RESIDE IN A DWELLI NG, AS DEFINED UNDER § 9–105 OF 32
180	180	THIS SUBTITLE, IN THE STATE; 33
181	181	SENATE BILL 822 5
182	182
183	183
184	184	(II) THE NONPRIMARY RESIDENCE WAS TRANSFERRED FOR 1
185	185	CONSIDERATION TO NEW OWNERSHIP; 2
186	186
187	187	(III) THE VALUE OF THE NONPRIMARY RESIDENCE WAS 3
188	188	INCREASED DUE TO A C HANGE IN THE ZONING CLASSIFICATION OF TH E 4
189	189	NONPRIMARY RESIDENCE INITIATED OR REQUEST ED BY THE HOMEOWNER OR 5
190	190	ANYONE HAVING AN INT EREST IN THE PROPERTY ; 6
191	191
192	192	(IV) THE USE OF THE NONPRIMARY RESIDENCE WAS CHANGED 7
193	193	SUBSTANTIALLY ; OR 8
194	194
195	195	(V) THE ASSESSMENT OF TH E NONPRIMARY RESIDENCE WAS 9
196	196	CLEARLY ERRONEOUS DU E TO AN ERROR IN CAL CULATION OR MEASUREM ENT OF 10
197	197	IMPROVEMENTS ON THE REAL PROPERTY . 11
198	198
199	199	(2) A HOMEOWNER MUST ACTUA LLY RESIDE IN THE NONPRIMARY 12
200	200	RESIDENCE BY JULY 1 OF THE TAXABLE YEAR FOR WHICH THE PROPER TY TAX 13
201	201	CREDIT UNDER THIS SE CTION IS TO BE ALLOW ED. 14
202	202
203	203	(3) THE CREDIT MAY BE GRA NTED ONLY TO ONE NONPRIMARY 15
204	204	RESIDENCE OWNED BY T HE HOMEOWNER . 16
205	205
206	206	(4) IF A PROPERTY TAX CRE DIT UNDER THIS SECTI ON IS LESS THAN 17
207	207	$1 IN ANY TAXABLE YEAR , THE TAX CREDIT MAY N OT BE GRANTED . 18
208	208
209	209	(5) (I) IF THE NONPRIMARY RESIDENCE WAS TRANSFERRED FOR 19
210	210	CONSIDERATION IN A D EED DATED ON OR AFTE R JANUARY 1 BUT BEFORE THE 20
211	211	BEGINNING OF THE NEXT TAXABLE YEAR AND THE DEED WA S RECORDED WITH THE 21
212	212	CLERK OF THE CIRCUIT COURT OR THE DEPARTMENT ON OR AFTE R JULY 1 BUT 22
213	213	BEFORE SEPTEMBER 1 OF THE NEXT TAXABLE YEAR, THE NEW OWNER MAY SU BMIT 23
214	214	A WRITTEN APPLICATIO N TO THE DEPARTMENT ON OR BEFO RE SEPTEMBER 1 OF 24
215	215	THE SECOND TAXABLE Y EAR FOLLOWING THE DA TE OF THE DEED REQUE STING 25
216	216	THAT THE DATE OF THE DEED BE ACCEPTED BY THE DEPARTMENT AS THE DAT E OF 26
217	217	TRANSFER UNDER PARAG RAPH (1) OF THIS SUBSECTION . 27
218	218
219	219	(II) 1. THE APPLICANT SHALL S UBMIT WITH THE WRITT EN 28
220	220	APPLICATION A COPY OF TH E EXECUTED DEED EVID ENCING THE DATE OF T HE 29
221	221	TRANSFER. 30
222	222
223	223	2. IF THE APPLICANT FAIL S TO SUBMIT A COPY O F THE 31
224	224	EXECUTED DEED AS REQ UIRED UNDER SUBSUBPA RAGRAPH 1 OF THIS 32
225	225	SUBPARAGRAPH , THE DEPARTMENT SHALL DENY THE APPLICATION . 33
226	226	6 SENATE BILL 822
227	227
228	228
229	229	(III) THE DATE OF THE TRANSFER UNDER THIS PARAGRAPH IS 1
230	230	THE EFFECTIVE DATE O F THE DEED AS DESCRI BED UNDER § 3–201 OF THE REAL 2
231	231	PROPERTY ARTICLE. 3
232	232
233	233	(IV) IF A HOMEOWNER SUBMIT S AN ELIGIBLE APPLIC ATION 4
234	234	UNDER THIS PARAGRAPH AFTER MAY 1 OF THE FIRST TAXABLE YEAR FOLLOWI NG 5
235	235	THE DATE OF THE DEED AND THE HOMEOWNER IS DUE TO RECEIVE A RED UCTION IN 6
236	236	THE HOMEOWNER ’S PROPERTY TAX BILL IN THE SECOND TAXABL E YEAR 7
237	237	FOLLOWING THE DATE O F THE DEED AS A RESU LT OF THE CREDIT UND ER THIS 8
238	238	SECTION, PROPERTY TAX IS NOT DUE ON THE NONPRIMARY RESIDENCE FOR THE 9
239	239	SECOND TAXABLE YEAR FOLLOWING THE DATE O F THE DEED UNTIL 30 DAYS AFTER 10
240	240	A REVISED TAX BILL I S SENT TO THE HOMEOW NER. 11
241	241
242	242	(6) (I) EXCEPT AS PROVIDED UN DER PARAGRAPH (7) OF THIS 12
243	243	SUBSECTION, TO QUALIFY FOR THE C REDIT UNDER THIS SEC TION, A HOMEOWNER 13
244	244	SHALL SUBMIT AN APPL ICATION FOR THE CRED IT TO THE DEPARTMENT AS 14
245	245	PROVIDED IN THIS PAR AGRAPH. 15
246	246
247	247	(II) THE APPLICATION SHALL : 16
248	248
249	249	1. BE MADE ON THE FORM THAT THE DEPARTMENT 17
250	250	PROVIDES; 18
251	251
252	252	2. PROVIDE THE INFORMAT ION REQUIRED BY THE 19
253	253	FORM; 20
254	254
255	255	3. INCLUDE A STATEMENT BY THE H OMEOWNER UNDER 21
256	256	OATH THAT THE FACTS STATED IN THE APPLIC ATION ARE TRUE , CORRECT, AND 22
257	257	COMPLETE; AND 23
258	258
259	259	4. BE FILED ON OR BEFOR E THE MAY 1 PRECEDING THE 24
260	260	FIRST TAXABLE YEAR F OR WHICH THE PROPERT Y TAX CREDIT UNDER T HIS SECTION 25
261	261	IS TO BE ALLOWED. 26
262	262
263	263	(III) THE DEPARTMENT SHALL PROV IDE A HOMEOWNER THE 27
264	264	OPTION TO SUBMIT THE APPLICATION REQUIRED UNDER THIS PARAGRAPH 28
265	265	ELECTRONICALLY ON TH E DEPARTMENT ’S WEBSITE. 29
266	266
267	267	(7) IF A HOMEOWNER SUBMIT S AN APPLICATION TO THE 30
268	268	DEPARTMENT UNDER THIS SECTION AND THE DEPARTMENT DETERMINES THAT 31
269	269	THE HOMEOWNER WAS EL IGIBLE FOR THE CREDI T IN THE PRIOR TAXAB LE YEAR BUT 32
270	270	FAILED TO FILE AN AP PLICATION FOR THE CR EDIT AS REQUIRED UND ER THIS 33
271	271	SUBSECTION: 34 SENATE BILL 822 7
272	272
273	273
274	274
275	275	(I) THE HOMEOWNER SHALL BE RETROACTIVELY QUA LIFIED 1
276	276	FOR THE NONPRIMARY RESIDENCE PROPERTY TAX CREDIT PROGRAM FOR THE 2
277	277	PRIOR TAXABLE YEAR ; AND 3
278	278
279	279	(II) THE DEPARTMENT SHALL CALC ULATE THE PRIOR YEAR ’S 4
280	280	TAXABLE ASSESSMENT A S IF THE CREDIT HAD BEEN GRANTED FOR THE PRIOR 5
281	281	TAXABLE YEAR . 6
282	282
283	283	(E) (1) FOR EACH TAXABLE YEAR , THE PROPERTY T AX CREDIT UNDER 7
284	284	THIS SECTION IS CALC ULATED BY: 8
285	285
286	286	(I) MULTIPLYING THE PRIO R YEAR’S TAXABLE ASSESSMENT BY 9
287	287	THE NONPRIMARY RESIDENCE CREDIT PERCENTAGE PROVIDED UNDER 10
288	288	PARAGRAPH (2) OF THIS SUBSECTION ; 11
289	289
290	290	(II) SUBTRACTING THAT AMO UNT FROM THE CURRENT YEAR’S 12
291	291	ASSESSMENT ; AND 13
292	292
293	293	(III) IF THE DIFFERENCE IS A POSITIVE NUMBER , MULTIPLYING 14
294	294	THE DIFFERENCE BY TH E APPLICABLE PROPERT Y TAX RATE FOR THE C URRENT 15
295	295	YEAR. 16
296	296
297	297	(2) FOR EACH TAXABLE YEAR , THE NONPRIMARY RESIDENCE CREDIT 17
298	298	PERCENTAGE UNDER PAR AGRAPH (1)(I) OF THIS SUBSECTION IS: 18
299	299
300	300	(I) FOR THE STATE PROPERTY TAX AN D FOR ANY PROPERTY 19
301	301	TAX IMPOSED FOR A BI COUNTY COMMISSION , 115%; 20
302	302
303	303	(II) FOR THE COUNTY PROPE RTY TAX: 21
304	304
305	305	1. THE NONPRIMARY RESIDENCE CREDIT PERCENTAGE 22
306	306	ESTABLISHED BY THE C OUNTY UNDER PARAGRAP H (3) OF THIS SUBSECTION; OR 23
307	307
308	308	2. IF THE COUNTY HAS NO T SET A PERCENTAGE F OR THE 24
309	309	TAXABLE YEAR UNDER P ARAGRAPH (3) OF THIS SUBSECTION O R HAS NOT NOTIFIED 25
310	310	THE DEPARTMENT AS REQUIRE D UNDER PARAGRAPH (6) OF THIS SUBSECTION , THE 26
311	311	CREDIT PERCENTAGE IN EFFECT FOR THE COUNT Y FOR THE PRECEDING TAXABLE 27
312	312	YEAR; AND 28
313	313
314	314	(III) FOR THE MUNICIPAL CO RPORATION PROPERTY T AX: 29
315	315	8 SENATE BILL 822
316	316
317	317
318	318	1. THE NONPRIMARY RESIDENCE CREDIT PERCENTAGE 1
319	319	ESTABLISHED BY THE M UNICIPAL CORPORATION UNDER PARAGRAPH (4) OF THIS 2
320	320	SUBSECTION; OR 3
321	321
322	322	2. IF THE MUNICIPAL COR PORATION HAS NOT SET A 4
323	323	PERCENTAGE UNDER PAR AGRAPH (4) OF THIS SUBSECTION O R HAS NOT NOTIFIED 5
324	324	THE DEPARTMENT AS REQUIRE D UNDER PARAGRAPH (7) OF THIS SUBSECTION , THE 6
325	325	NONPRIMARY RESIDENCE CREDIT PERCENTAGE FOR THE T AXABLE YEAR FOR THE 7
326	326	COUNTY IN WHICH THE PROPERTY IS LOCATED. 8
327	327
328	328	(3) SUBJECT TO PARAGRAPH (5) OF THIS SUBSECTION , THE MAYOR 9
329	329	AND CITY COUNCIL OF BALTIMORE CITY AND THE GOVERNIN G BODY OF A COUNTY 10
330	330	ON OR BEFORE MARCH 15 OF ANY YEAR SHALL SE T, BY LAW, THE NONPRIMARY 11
331	331	RESIDENCE CREDIT PERCENTAGE FO R THE TAXABLE YEAR BEGINNI NG THE 12
332	332	FOLLOWING JULY 1. 13
333	333
334	334	(4) SUBJECT TO PARAGRAPH (5) OF THIS SUBSECTION , ON OR 14
335	335	BEFORE MARCH 25 OF ANY YEAR , THE GOVERNING BODY O F A MUNICIPAL 15
336	336	CORPORATION MAY SET OR ALTER, BY LAW, A NONPRIMARY RESIDENCE CREDIT 16
337	337	PERCENTAGE FOR THE T AXABLE YEAR BEGINNING THE FOLLOWING JULY 1 AND ANY 17
338	338	SUBSEQUENT TAXABLE Y EAR. 18
339	339
340	340	(5) THE NONPRIMARY RESIDENCE CREDIT PERCENTAGE FOR ANY 19
341	341	COUNTY OR MUNICIPAL CORPORATION PROPERTY TAX: 20
342	342
343	343	(I) MAY NOT BE LESS THAN 100% OR EXCEED 115% FOR ANY 21
344	344	TAXABLE YEAR ; AND 22
345	345
346	346	(II) SHALL BE EXPRESSED I N INCREMENTS OF 1 PERCENTAGE 23
347	347	POINT. 24
348	348
349	349	(6) THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY AND THE 25
350	350	GOVERNING BODY OF A COUNTY SHALL NOTIFY THE DEPARTMENT OF ANY ACT ION 26
351	351	TAKEN UNDER PARAGRAP H (3) OF THIS SUBSECTION O N OR BEFORE MARCH 15 27
352	352	PRECEDING THE TAXABL E YEAR FOR WHICH THE ACTION IS TAKEN. 28
353	353
354	354	(7) A MUNICIPAL CORPORATIO N SHALL NOTIFY THE DEPARTMENT 29
355	355	OF ANY ACTION TAKEN UNDER PARAGRAPH (4) OF THIS SUBSECTION O N OR BEFORE 30
356	356	MARCH 25 PRECEDING THE TAXABL E YEAR FOR WHICH THE ACTION IS TAKEN. 31
357	357
358	358	(F) A HOMEOWNER WHO MEETS THE REQUIREMENTS OF THIS SECTION 32
359	359	SHALL BE GRANTED THE PROPERTY TAX CREDIT UNDER THIS SECTION A GAINST THE 33
360	360	STATE, COUNTY, AND MUNICIPAL CORPOR ATION PROPERTY TAX A ND ANY 34 SENATE BILL 822 9
361	361
362	362
363	363	PROPERTY TAX IMPOSED FOR A BICOUNTY COMMI SSION IMPOSED ON T HE REAL 1
364	364	PROPERTY OF THE NONPRIMARY RESIDENCE . 2
365	365
366	366	(G) THE TAX CREDIT UNDER THIS SECTION SHALL B E INCLUDED ON THE 3
367	367	HOMEOWNER ’S PROPERTY TAX BILL . 4
368	368
369	369	(H) THE COMPTROLLER SHALL : 5
370	370
371	371	(1) COOPERATE WITH THE DEPARTMENT IN ADOPTIN G A PROCEDURE 6
372	372	TO AUDIT THE APPLICA TION FORMS SUBMITTED UNDE R THIS SECTION; 7
373	373
374	374	(2) NOTWITHSTANDING § 13–202 OF THE TAX – GENERAL ARTICLE, 8
375	375	PROVIDE ADDITIONAL I NFORMATION TO THE DEPARTMENT ; AND 9
376	376
377	377	(3) ASSIST THE DEPARTMENT IN A POSTA UDIT OF EACH 10
378	378	APPLICATION. 11
379	379
380	380	(I) THE COUNTIES SHALL RE IMBURSE THE DEPARTMENT FOR THE 12
381	381	ADMINISTRATION OF TH E APPLICATION PROCES S UNDER SUBSECTION (D)(6) OF 13
382	382	THIS SECTION. 14
383	383
384	384	(J) THE DEPARTMENT SHALL ADOP T RULES AND REGULATI ONS TO 15
385	385	IMPLEMENT THIS SECTI ON. 16
386	386
387	387	(K) THE TAX CREDIT UNDER THIS SECTION SHALL B E KNOWN AS THE 17
388	388	NONPRIMAR Y RESIDENCE PROPERTY TAX CREDIT. 18
389	389
390	390	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 19
391	391	1, 2025, and shall be applicable to all taxable years beginning after June 30, 2025. 20