(a) Notwithstanding the provisions
of section 21-44, changes in respect to income, financial worth, ownership of property or
other factors occurring during the taxable year for which an affidavit is filed under this
article, and having the effect of exceeding or violating the limitations and conditions
set forth in this article, shall nullify any exemption for the remainder of the current
year and the taxable year immediately following, and such exemption shall only be
reinstated upon requalification in accordance with the limitations and conditions set
forth in this article.
(b) A change in ownership to a spouse, when such change has resulted
solely from the death of the qualifying individual, or a sale of such property, shall
result in a prorated exemption for the then-current taxable year. The proceeds of the sale
which would result in the prorated exemption shall not be included in the computation of
net worth or income as provided in subsection (a). Such prorated portion shall be
determined by multiplying the amount of the exemption by a fraction wherein the number of
complete months of the year such property was property eligible for such exemption is the
numerator and the number twelve (12) is the denominator.