4840

MUNICIPAL CHARTERS

Vote "For" or "Against"

Adopted December 3, 1973.

EMERGENCY MEASURE
RESOLUTION 74-R-18

WHEREAS we have not exercised the power granted
under Art. 81, Secs. 10(b), 17, and 25(a), Annotated Code
of Maryland, to collect taxes on tangible personal
property from both domestic and foreign ordinary business
corporations, it is now found to be necessary to enact
such a tax to relieve the burden on residential property
owners.

NOV THEREFORE BE IT RESOLVED to add a new chapter to
the Code of the Town of Riverdale as follows:

CHAPTER 60
TAX ON TANGIBLE PERSONAL PROPERTY

60.1       PROVISIONS

THE MAYOR AND COUNCIL SHALL LEVY A TAX, STARTING
WITH 1974-1975 FISCAL YEAR ON BOTH DOMESTIC AND FOREIGN
ORDINARY BUSINESS CORPORATIONS OWNING TANGIBLE PERSONAL
PROPERTY WITHIN THE TOWN OF RIVERDALE AS CERTIFIED BY
STATE DEPARTMENT OF ASSESSMENTS AND TAXATION, SUCH TAX TO
BE AT THE SAME RATE AS THE REAL ESTATE TAX LEVIED BY THE
TOWN.

60.2       OVERDUE OR DELINQUENT TAXES

OVERDUE OR DELINQUENT TAXES SHALL BE COLLECTED AS
PROVIDED FOR IN SECT. 21.13 AND 21.14 OF THE CHARTER OF
THE TOWN OF RIVERDALE.

Adopted this 15th day of April, 1974, as an Emergency
Ordinance in legislative body with the following vote:
For 5 Against 0.

Effective Date: April 15, 1974.