# COMAR Title 18 — Department of Assessments and Taxation

## Subtitle 07 — Property Tax Credits

### Chapter 03 — Homestead Property Tax Credit Program

#### Regulation .03 Cooperative Corporations.

*COMAR 18.07.03.03*

A. Pursuant to Tax-Property Article, §9-105, Annotated Code of Maryland, dwellings occupied through membership in a cooperative corporation are eligible for the Homestead Property Tax Credit.

B. The following information shall be provided for the Department to administer the credit:

  (1) For a dwelling's initial eligibility for the credit:

    (a) The name of any individuals holding membership in the cooperative corresponding to the dwelling; and

    (b) Documentation under Tax-Property Article, §2-218, Annotated Code of Maryland, verifying that the dwelling is the principal residence of the individuals holding that membership; and

  (2) For a dwelling whose occupants change due to a change of membership in the cooperative:

    (a) The name of any individuals acquiring membership in the cooperative corresponding to the dwelling;

    (b) The date the membership was acquired;

    (c) Whether consideration was given for the membership; and

    (d) Documentation under Tax-Property Article, §2-218, Annotated Code of Maryland, verifying that the dwelling is the principal residence of the individuals holding that membership.

C. The information required by §B of this regulation shall be provided:

  (1) To the Department's local assessment offices;

  (2) Under the signed oath of the individuals holding membership in the cooperative corresponding to the dwelling; and

  (3) On a form furnished by the Department.

D. The information required by §B(2) of this regulation shall be provided within 60 days of the date that a change of membership in the cooperative occurs.

E. Failure or refusal to provide the information required by §B of this regulation will result in a dwelling being designated as not a principal residence for purposes of the credit.