1774 LAWS OF MARYLAND [CH. 763

SECTION 1. Be it enacted by the General Assembly of Maryland,
That a new section be and it is hereby added to Article 6
of the Code of Public Local Laws of Maryland (1930
Edition), title "Caroline County", sub-title "County Treas-
urer", to be known as Section 122A, to follow imme-
diately after Section 122 thereof, and to read as follows:

122A. (a) In order to encourage and induce the expan-
sion, growth, and development of new and established
manufacturing, fabricating, assembling, processing and
distributing industries, factories and plants in Caroline
County, the following property of new units, expansion
units, extensions and additions to such established indus-
tries, factories and plants wholly located in Caroline
County, which new units, expansions, additions and exten-
sions were made or constructed on or after June 1, 1953,
shall be exempt from assessment and all County and
municipal taxes, for the periods and with the limitations
as hereinafter specified.

(b) Exempted property shall be limited to land, build-
ings, tools, including mechanical tools; implements,
whether worked by hand, steam, or other motive power;
machinery, manufacturing apparatus, or engines used in
manufacturing, whether temporarily idle or not; and all
other personal property used in or forming a part of the
business of such new unit, expansion unit, extension or
addition.

(c) The exemptions herein provided shall be only for
ten years from the date of completion of such new unit,
extension, expansion or addition, and provided that the
assessable value of such project or projects is greater
than $25, 000. 00 in the case of an established industry, and
$50, 000. 00 in the case of a new factory or plant.

(d) The aggregate assessable value of all expansion
projects or units completed in each fiscal year of the
County shall determine the extent of said exemption and
the time of beginning of said exemption period, as speci-
fied in Sub-section (c) above.

(e) Provided, however, that there shall be no exemp-
tions for mere replacements of deteriorated or obsolete
tools, machinery, equipment and buildings. However, tools,
machinery, equipment, and buildings constructed or
acquired for the purpose of increasing production, or
improving the competitive position of industries, factories
or plants, shall be exempt, but only to the extent of the
increased assessable value resulting from such improve-
ment, expansion or addition.