THEODORE R. McKELDIN, GOVERNOR                   799

sions, additions and extensions were made or constructed on or after
June 1, 1951, shall be exempt from assessment and all County and
municipal taxes, for the periods and with the limitations as herein-
after specified:

(b)   Exempted property shall be limited to land, buildings, 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 person property, except raw materials, used in the
business of such expansion unit, extension or addition.

(c)   The exemptions herein provided shall be only for the [follow-
ing periods] period of [l] ten years from the date of completion
of such expansion, extension or addition, if the assessable value of
such expansion, extension or addition, is greater than ten thousand
dollars;

(d)   The aggregate assessable value of all expansion projects or
units completed in each calendar year shall determine the amount
of said exemption allowance and the time of the beginning of said
exemption period, as specified in sub-section (c) above.

[d] (e) Provided, however, that there shall be no exemptions for
mere replacements of deteriorated or obsolete tools, machinery, equip-
ment and buildings. However, tools, machinery, equipment and
buildings constructed or acquired for the purpose of increasing pro-
duction, or improving the competitive position of industries, factories
or plants,

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PRIOR TO THE PASSAGE OF
THIS ACT, shall be exempt but only to the extent of the increased
assessable value resulting from such improvement, expansion or
addition.

(f)   All property exempted herein shall be listed in a separate
column upon the assessment schedule filed annually with the State
Tax Commission or the Supervisor of Assessments of Allegany
County, showing the period of such, and giving such information
showing date of completion and the valuation thereof.

(g)   The provisions of this section shall not affect County or
municipal taxes due prior to January 1,1954.

SEC. 2. And be it further enacted, That the word "manufactur-
ing" as used in this Act shall include the conversion of raw materials
into manufactured goods.

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SEC. 3. AND BE IT FURTHER ENACTED, THAT THIS ACT
SHALL BE DECLARED TO BE AN EMERGENCY MEASURE
AND NECESSARY FOR THE IMMEDIATE PRESERVATION
OF THE PUBLIC HEALTH AND SAFETY AND HAVING BEEN
PASSED BY A YEA AND NAY VOTE, SUPPORTED BY THREE-
FIFTHS OF ALL THE MEMBERS ELECTED TO EACH OF THE
TWO HOUSES OF THE GENERAL ASSEMBLY OF MARY-
LAND, THE SAME SHALL TAKE EFFECT FROM THE DATE
OF ITS PASSAGE.

Approved April 18, 1955.