2628                                          LAWS OF MARYLAND                      [Ch. 773

CHAPTER 773
(House Bill 1073)
AN ACT concerning

Revenue and Taxes — Method of Assessment

FOR the purpose of providing for deduction from the
assessed value of the operating property of a
foreign public utility doing business in this State
of the value of fuel exempted under any provisions
of law providing for those exemptions, and adding
numbering as appropriate.

BY repealing and re—enacting, with amendments.

Article 81 — Revenue and Taxes

Section 16(b)

Annotated Code of Maryland

(1969 Replacement Volume and 1973 Supplement)

Preamble

WHEREAS, Chapter 763 of the Acts of 1971, amended
Section 20 (b) of Article 81, to provide a deduction for
exempt fuel held by domestic public utilities, and it is
necessary to grant a similar deduction to foreign public
utilities doing business in this State, in order to avoid
an unconstitutional discrimination; now, therefore,

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 16(b) of Article 81 - Revenue and
Taxes, of the Annotated Code of Maryland (1969
Replacement Volume and 1973 Supplement) be and it is
hereby repealed and re—enacted, with amendments, to read
as follows:

Article 81 — Revenue and Taxes
16.

Operating property, except land, of railroads, other
public utilities and contract carriers shall be valued
and assessed as follows:

(b) (1) If an operating unit is located wholly
within this State, the entire value thereof shall be
allocated to the operating property, including land,
located in this State. If part only of an operating unit