Marvin Mandel, Governor                       1135

(55)    Stock in corporation licensed under Small Business Invest-
ment Act of 1958.—All shares of stock in any corporation licensed
under the Small Business Investment Act of 1958, as amended (15
USCA 661 et seq., as amended), for the period January 1, 1959
through December 31, 1969. Any assessments made prior to June
1, 1961, upon the shares of stock of any such licensed corporation
are hereby abated and any taxes paid prior to June 1, 1961, upon such
assessments shall be refunded upon application by the taxpayer.

(56)    Property of local corporations affiliated with Ruritan Inter-
national.—Property, real and personal, owned by local corporations
affiliated with Ruritan International, provided the property is util-
ized exclusively for the use or maintenance of the local corporations.

(57)    Real property in Anne Arundel County held by nonprofit
community civic associations or corporations.—For purposes of
county taxation in Anne Arundel County only, and in the discretion
of the Board of County Commissioners, so directly, real property,
title to which is held by nonprofit community civic associations or
corporations, which property is dedicated by appropriate plat or deed
restrictions to the use of the lot owners within the community, and
which use is not contingent upon the payment of dues to such asso-
ciation or corporation or upon the payment of fees or other compen-
sation in return for admission to or use of the property. As used in
this subsection, "dues" and "fees or other compensation" shall not
include assessments exacted and employed by such association solely
for the improvement or maintenance of the roads, property, or other
facilities of the community.

(57A) Real property in Carroll County held by nonprofit com-
munity civic associations or corporations.—For purposes of county
taxation in Carroll County and in the discretion of the Board of
County Commissioners of Carroll County, real property, the title to
which is held by a nonprofit community or civic improvement asso-
ciation or corporation and which is devoted to and used exclusively
for community, civic, educational, or library purposes, and the use of
the property must not be contingent upon the payment of any fee or
other compensation. Assessments exacted and employed by the asso-
ciation or corporation solely for the improvement or maintenance of
the property do not constitute a "fee or other compensation" under
the provisions of this subsection.

(58)    Airplane landing strips.—For purposes of county taxation
only, and in the discretion of the board of county commissioners,
county council or mayor and city council of Baltimore, improved
airplane landing strips, exclusive of the value of the land upon which
they are located, which are owned by private persons, firms or cor-
porations, and which are used by the general public and licensed
pursuant to the provisions of Article 1A of this Code.

(59)    Green coffee beans.—Green coffee beans imported from
foreign countries while in the possession of and owned by the im-
porter so long as no physical or chemical change has been made by
any manufacturing process in such beans regardless of whether they
are in their original packages.

(60)    Maryland Ornithological Society, Inc.—For purposes of
county and local taxation only, property real and personal, owned by
the Maryland Ornithological Society, Inc., or any chapter thereof.