Authorizing certain local governments to allow, by law, a first-time homebuyer in the State to calculate the homestead property tax credit for property that includes a newly purchased dwelling using a certain method; requiring that the credit for a newly purchased dwelling be calculated in a certain manner; and providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods.

Statutes affected:
Text - First - Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer: 9-105 Tax Property