Maryland SB812 alters eligibility and calculation for homeowners' property tax credit.
Maryland SB812 modifies the eligibility criteria and calculation method for the homeowners' property tax credit. It sets a combined gross income limit of $100,000 for credit eligibility and introduces a tiered percentage reduction based on income brackets. The credit is denied to homeowners with a combined net worth exceeding $200,000. The changes apply to taxable years beginning after June 30, 2026.
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