HB 1200

Requiring a homeowner to have a homestead property tax credit application on file with the State Department of Assessments and Taxation in order to be eligible for a certain credit against the county or municipal corporation property tax to offset certain increases in local income tax revenues; providing that any increase in county property tax revenue that results from the Act may not be counted toward a certain county limitation on county property tax revenue; applying the Act to taxable years after June 30, 2022; etc.

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