§ 9-109. Repaired or reconstructed dwelling

   (a) In general. -- The Mayor and the City Council of Baltimore City and the governing body of each county and of each municipal corporation shall grant a property tax credit under this section against the county or municipal corporation property tax imposed on real property if:

   (1) the homeowner is otherwise eligible for the credit allowed under § 9-105 of this subtitle;

   (2) (i) the dwelling is:

         1. damaged or destroyed due to a natural disaster; and

         2. subsequently repaired or reconstructed;

      (ii) the dwelling is revalued after the dwelling is repaired or reconstructed; and

      (iii) as a result of the revaluation, the assessment of the dwelling exceeds the last assessment of the dwelling; and

   (3) the homeowner claiming the credit had a legal interest in the dwelling at the time the dwelling was damaged or destroyed as described under item (2) of this subsection.

(b) Amount of tax credit. -- The amount of the property tax credit allowed under this section shall equal 100% of the property tax attributable to an increase in the assessment of the dwelling upon revaluation under § 8-104(c)(1)(iii) of this article, including improvements, over the last assessment of the dwelling before the natural disaster, less the amount of any assessment on which a property tax credit under § 9-105 of this subtitle has been authorized.

(c) Time period. -- A credit under this section may not be granted for more than 5 years.

(d) Procedures or requirements. -- The Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation shall:

   (1) establish procedures or requirements for the application, review, and approval of tax credits under this section; and

   (2) notify the Department of any credits that have been granted under this section.

(e) Exceptions. -- The credit under this section may not be claimed for a dwelling for which repair or reconstruction is completed before September 18, 2003.

HISTORY: 2005, chs. 536, 616; 2006, ch. 89.