1484                           LAWS OF MARYLAND                      [CH. 714

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1963.

Approved April 30, 1963.

CHAPTER 714
(House Bill 873)

AN ACT to add Section 495A to the Code of Public Local Laws of
Harford County (1957 Edition), being Article 13 of the Code of
Public Local Laws of Maryland, title "Harford County," subtitle
"Taxes and County Treasurer," to follow immediately after
Section 495 thereof, and to be under the same subtitle, providing
a partial exemption from all county real estate taxes for certain
persons sixty-five years of age or over living in said county, the
extent and measure of said exemption and relating generally
thereto.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 495A be and it is hereby added to the Code of Public
Local Laws of Harford County (1957 Edition), being Article 13 of
the Code of Public Local Laws of Maryland, title "Harford County,"
subtitle "Taxes and County Treasurer," to follow immediately after
Section 495 thereof, and to be under the same subtitle, and to read
as follows:

495A.

(a) Every person over the age of 65 years who has been a bona
fide resident of Harford County for the preceding five years and
whose total gross income is less than two thousand dollars ($2,000.00)
per year from all sources, and who has legal title or beneficial title
to real property located in Harford County and who has resided
thereon for the preceding five years and makes such real property
his or her permanent home, shall be entitled to have the sum of AN
EXEMPTION FROM COUNTY TAXES EQUAL TO THE TAX ON
two thousand dollars ($2,000.00) deducted from OF the assessed val-
uation of said property for the purpose of County real estate taxes
levied against said property by the said County AS ESTABLISHED
FOR THE PURPOSE OF LEVYING FOR COUNTY REAL
ESTATE TAXES, BUT SAID EXEMPTION SHALL NOT RE-
DUCE THE ASSESSED VALUATION OF SAID PROPERTY; pro-
vided, that if said taxable real estate is owned by tenants by the en-
tirety, only one such exemption shall be allowed; provided, further,
such exemption shall be allowed only if the combined gross income of
said tenants by the entirety does not exceed two thousand dollars
($2,000.00) for any one year; provided, further, that no exemption
shall be granted to any person owning real property assessed for more
than $5,000; or any person having stocks, bonds, bank deposits, say-
ings accounts, valid notes or mortgages or any other securities and in-
vestments with an aggregate value of more than $5,000; provided,
further that such exemption shall be allowed if either one or both
of said tenants are sixty-five (65) years of age or more, or if either
one or both of said tenants shall have resided on such property for