4300

COUNTY LOCAL LAWS

Sec. 1. Section 2-120, title "Date of finality
generally," of Chapter 2 of the Montgomery County Code
1965, as amended, is hereby repealed and re—enacted, with
amendments, to read as follows:

2-120. Date of finality generally.

In the county the date of finality and the
semiannual date of finality for the levying of all taxes
which the Council is now or may hereafter be authorized
to levy shall be January 1 and July 1 respectively in
each year and all such taxes shall be levied for a
taxable year beginning on July 1 and ending on June 30 in
the next calendar year, and the state and county taxes
shall be levied prior to June 30 each year; provided,
however, that nothing herein contained shall be construed
to prevent the levying of any assessment for front
benefit charges or special benefit assessments for
special improvements by the Council at any time as the
Council shall determine the special benefit thereunder;
and provided further, that for the fiscal year 1951—52
and thereafter, the date of finality for the assessment
of tangible personal property shall be January 1 next
preceding the fiscal year.

Sec. 2. Section 2-121, title "One-half and
three—quarter year levies," of Chapter 2 of the
Montgomery County Code 1965, as amended, is hereby
repealed and re—enacted, with amendments, to read as
follows:

2—121. One-half and three-quarter year levies.

All real property which becomes assessable after the
semiannual date of finality for real property and prior
to October 1 in any year shall be assessed for taxes and
such real property shall be subject to taxation in such
year at three—fourths of the regular tax rate levied for
county purposes for such year, and the date of finality
therefor shall be October 1. All real property which
becomes assessable on the quarterly date of finality of
October 1 and prior to January 1 in any year shall be
assessed for taxes and such real property shall be
subject to taxation in such year at one—half of the
regular tax levied for county purposes for such year, and
the date of finality therefor shall be January 1. The
semiannual date of finality for ordinary state taxes on
all real property pursuant to Chapter 599, Laws of
Maryland 1959, shall be January 1 in any year and all
real property which becomes assessable prior to January 1
in any year shall be assessed for taxes and such
improvements shall be subject to taxation at one—half of
the regular tax levied for state purposes for such year;
provided, that, if the real property becomes assessable