Homeowners' Property Tax Credit - Eligibility and Calculation - Alterations

Summary

The bill raises the maximum home value, income and net‑worth thresholds for Maryland’s homeowners’ property tax credit, allowing more middle‑income owners to qualify. It also obligates the Department of the Treasury to report owners who have not claimed the credit in the past three years. The changes aim to increase the credit’s reach and value for eligible residents.

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