Maryland Governor Signs Law Providing for Retroactive Qualification, Calculation of Homestead Property Tax Credit

The Maryland Governor April 12 signed a law amending the Homestead Property Tax Credit Program. The law includes a measure requiring the Department of Assessments and Taxation to retroactively grant the credit for the prior taxable year upon receiving an application from the homeowner if they are determined to be eligible for the property tax credit. The law was cross-filed with and is identical to H.B. 203. The law takes effect June 1 and applies to taxable years beginning after June 30. [/MD\FINAL\2022R1SB197///, enacted 04/12/22]

Reference: View Bill. View Legislative Information.