Marvin Mandel, Governor                        1151

(b-6) Howard County.—For the purpose of county taxation in
Howard 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 cen-
tum (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 (10%) an-
nually in regular progression in succeeding years until on and after
December 31, 1970 when, for the purposes of county taxation, such
stock in business shall be entirely exempt from valuation, assessment,
and taxation under the provision of this section. Provided, however,
in Howard County the first three thousand dollars ($3,000.00) of
said business stock or inventory of any person, firm or corporation
engaged in commercial business in said county shall be exempt from
county taxation.

(b-7) Charles County.—For the purpose of county taxation in
Charles 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, 1969; and at the rate of forty per
centum (40%) of such fair average value for the twelve months
ending December 31, 1970; and at the rate of thirty per centum (30%)
of such fair value average for the twelve months ending Decem-
ber 31, 1971. Such assessment shall be diminished by ten per centum
annually in regular progression in succeeding years until on and after
December 31, 1973 when, for the purpose of county taxation in
Charles County, such stock in business shall be entirely exempt from
valuation, assessment, and taxation under the provision of this
section.

(b-8) Calvert County.—For purposes of county taxation in Cal-
vert County, from and after June 30, 1969, such stock in business
shall be entirely exempt from valuation, assessment, and taxation
under the provisions of this section.

(b-9) For purposes of municipal taxation in the City of An-
napolis, stock in business shall be assessed at twenty-five percentum
(25%) of such fair average value for the twelve months preceding the
date of finality. For the taxable year beginning July 1, 1973, the
stock shall be entirely exempt from valuation, assessment and taxa-
tion under the provisions of this section.

(c) Washington County.—1. For county taxation in Washing-
ton County the stock in trade of every person, firm or corporation
engaged in any manufacturing or warehousing business shall be as-
sessed at forty-two per centum (42%) of fair average value for the
twelve months preceding the date of finality in the year 1962; and
at twenty-eight per centum (28%) for the twelve months preceding
the date of finality in the year 1963; and at fourteen per centum
(14%) for the twelve months preceding the date of finality in the
year 1964; and for the twelve months preceding the date of finality
in 1965 and for every twelve months thereafter preceding any date of
finality subsequent to that in the year 1965 shall be exempt from
assessment and taxation.

2. For county taxation in Washington County the stock in trade
of every person, firm or corporation engaged in any retail or whole-
sale business shall be assessed at fifty per centum (50%) of such fair