1218                             LAWS OF MARYLAND                        [CH. 717

(1954 Supplement), title "Revenue and Taxes," sub-title "What Shall
Be Taxed and Where," as said section was separately amended by-
Chapter 592 and by Chapter 594 of the Acts of 1953 and to enact a
new Section 14 in lieu thereof to stand in the place and stead of the
section repealed, and to read as follows:

14. The stock in business of every person, firm or corporation en-
gaged in any manufacturing or commercial business in this State
shall be valued and assessed to the owner thereof on the date of finality
at its fair average value for the ttvelve months preceding the date of
finality, but in the computation of the fair average value of the stock
in business of registered motor vehicle dealers, the value of used
motor vehicles, titled in Maryland and taken in trade by such dealers
as partial payments on the purchase of other motor vehicles, shall
be excluded. Provided, however, that for county taxation in

[See page image for strike-through]

BALTIMORE COUNTY AND FOR MUNICIPAL TAXATION IN
THE CITY OF FREDERICK such stock in business shall be assessed
at seventy-five per centum (75%) of such fair average value for the
twelve months preceding the date of finality. for the purpose of
county taxation in Allegany, Anne Arundel, Calvert, Caroline, Carroll,
Cecil, FREDERICK, Garrett, Harford, HOWARD, Kent, Montgom-
ery, Prince George's, Queen Anne's, Somerset, Talbot, WICOMICO
and Worcester Counties and the City of Annapolis,

[See page image for strike-through]

SEC. 2. And be it further enacted, That this Act shall take effect
June 1, 1955.

Approved April 28, 1955.

CHAPTER 717
(House Bill 323)

AN ACT to add a new section to the Code of Public Local Laws of
Prince George's County (1953 Edition) and the Montgomery

EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.