HB 199/SB 520 – Homestead Property Tax Credit – Federal Government Employees
STATUS: PASSED – Effective June 1, 2010 for tax years beginning after June 30, 2010
Extends the Homestead Property Tax Credit to federal employees stationed outside Maryland for a period not exceeding 6 consecutive years.
Once the homeowner moves back to Maryland, the homeowner may reclaim the credit which will be calculated as if the credit had not been lost during the homeowner’s out-of-state residency.
