1246                           LAWS OF MARYLAND                     [CH. 529

tion in Prince George's County and relating generally to county
taxation.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 15 (b-4) of Article 81 of the Annotated Code of Mary-
land (1965 Replacement Volume and 1968 Supplement), title "Reve-
nue and Taxes," subtitle "Method of Assessment", be and it is hereby
repealed and re-enacted, with amendments, and to read as follows:

15.

(b-4) For the purpose of county taxation in Prince George's
County, such stock in business shall be assessed at the rate of fifty
per centum (50%) of such fair average value for the twelve months
ending December 31, 1966; and at the rate of forty per centum (40%)
of such fair average value for the twelve months ending December
31, 1967; and at the rate of thirty per centum (30%) of such fair
average value for the twelve months ending December 31, 1968.
Such assessment shall be diminished by ten per centum annually in
regular progression in succeeding years until on and after December
31, 1970 when, for the purpose of county taxation in Prince George's
County, such stock in business shall be entirely exempt from valua-
tion, assessment, and taxation under the provision of this section.
AFTER JULY 1, 1969 county taxation, for the purposes of this
Section, shall be deemed to include levies made by the County Com-
missioners for the Washington Suburban Sanitary Commission, the
Maryland-National Capital Park and Planning Commission Metro-
politan District, Fire, Special Area and Ad Valorem Taxes.

Sec. 2. And be it further enacted, That the provisions of this Act
shall only be construed prospectively and shall not be applied or
interpreted to have any retrospective effect.

Sec. 3 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 2, 1969.

CHAPTER 529
(House Bill 1178)

AN ACT to repeal and re-enact, with amendments, Section 118(d)
of Article 2B of the Annotated Code of Maryland (1968 Replace-
ment Volume), title "Alcoholic Beverages," subtitle "Restrictions
Upon Licensees," increasing the penalty for the possession of
alcoholic beverages by minors in Kent County.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 118(d) of Article 2B of the Annotated Code of Mary-
land (1968 Replacement Volume), title "Alcoholic Beverages," sub-
title "Restrictions Upon Licensees," be and the same is hereby re-
pealed and re-enacted, with amendments, to read as follows: