DEP'T. OF ASSESS. & TAX. v. BELCHER

No. 25, September Term, 1987.

315 Md. 111 (1989)

553 A.2d 691

STATE DEPARTMENT OF ASSESSMENTS AND TAXATION v. HORACE E. BELCHER, JR., ET UX.

Court of Appeals of Maryland.

February 28, 1989.


Attorney(s) appearing for the Case

David M. Lyon, Asst. Atty. Gen. (J. Joseph Curran, Jr., Atty. Gen., Kaye Brooks Bushel, Asst. Atty. Gen., on the brief), Baltimore, for appellant.

Horace E. Belcher, Jr., Cockeysville, pro se.

Argued before MURPHY, C.J., ELDRIDGE, COLE, RODOWSKY, McAULIFFE and ADKINS, JJ., and JAMES F. COUCH, Jr., Associate Judge of the Court of Appeals of Maryland (retired), Specially Assigned.


COLE, Judge.

The sole issue to be decided in this case is whether, a taxpayer, whose net income resulted from his management of his stock portfolio, is entitled to a homeowner's property tax credit pursuant to the Maryland "circuit breaker" law.

The legislative enactment involved is Maryland Code (1957, 1980 Repl. Vol.) Article 81, Section 12F-1.1 This section of the Code, also known as the "circuit breaker" law, is a legislative...

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