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MARVIN MANDEL, Governor 2181
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city and the several counties comprising the area, the
portion of the budget of The Council, [approved as
aforesaid] AS ENACTED BY THE GENERAL ASSEMBLY, payable
respectively by each, which portion shall be in the same
ratio to two thirds (2/3) of the budget that the assessed
value of all real property in the respective city or
county, as the case may be, for the preceding taxable
year, bears to the assessed value of all such real
property in the area; provided, nevertheless, that
neither the city nor any county in the area shall be
required to pay as its portion, an amount which exceeds
the amount that would be produced by a levy by the
respective city or county, as the case may be, of an ad
valorem tax of one half of one cent (1/2 ¢) per [one
hundred dollars] $100 on the said assessed value of all
real property for State taxation purposes in the
respective city or county, as the case may be and
provided further that if at any time there be any
amendment to the provisions relating to the amount or
method of financial contribution by the several
subdivisions, the city or county, as the case may be, by
resolution of its governing body, may except itself from
any future coverage by any of the provisions of this
article and that this contribution of the city and
several counties comprising the area shall not exceed
twice the amount of the State's contribution.
Following the receipt of such certification, the
city and each county comprising the area shall, in its
next succeeding annual appropriation for support of the
local government, make provisions from local revenues for
its share of the budget of The Council, calculated as
aforesaid, and shall pay such share to The Council in no
less than quarterly installments in the year for which
such local budget is adopted.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
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CHAPTER 394
(House Bill 211)
AN ACT concerning
Retail Sales Tax - Exemptions
FOR the purpose of exempting from the sales tax the sale,
repair, alteration, or conversion of certain vessels
principally engaged in carrying passengers or
freight in interstate or foreign commerce; and
exempting the sale, repair, alteration, or
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