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2647
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MARVIN MANDEL, Governor
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of this section.
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(i) (1) The farming implements of any farmer,
except where declared to be taxable by this subsection.
(3) In Dorchester, Frederick, Kent, [Queen
Anne's,] and Wicomico counties, such property shall be
subject to county taxation only on the effective date of
this section and continuing thereafter at those
percentages of its total assessed value which were in
effect prior to the effective date of this section.
After the effective date of this section, such
percentages may be changed as provided by subsection (m)
of this section.
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(j) (1) Livestock of any farmer, except where
declared to be taxable by this subsection.
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(3) In Dorchester, Frederick, Kent, [Queen
Anne's,] and Wicomico counties, such property shall be
subject to county taxation only on the effective date of
this section and continuing thereafter at those
percentages of its total assessed value which were in
effect prior to the effective date of this section.
After the effective date of this section such percentages
may be changed as provided by subsection (m) of this
section.
(N) (1) IN THIS SUBSECTION, "BUSINESS PERSONAL
PROPERTY" MEANS INVENTORY, FURNITURE AND FIXTURES, TOOLS
MACHINERY, EQUIPMENT, AND SUPPLIES OF ANY COMMERCIAL,
MANUFACTURING, OR PROFESSIONAL BUSINESS, OR OF ANY
FARMER.
(2) EXCEPT AS PROHIBITED IN SECTION 269 AND
WHERE A MANDATORY RATE OF REDUCTION IS OTHERWISE
PRESCRIBED, ANY COUNTY, BY APPROPRIATE ACTION OF ITS
GOVERNING BODY, MAY ELIMINATE OR PHASE OUT, BY A
REDUCTION IN THE ASSESSED BASIS, COUNTY TAXES UPON ONE OR
MORE CLASSES OF BUSINESS PERSONAL PROPERTY.
(N) IN CALVERT, KENT, AND QUEEN ANNE'S COUNTIES,
ALL TANGIBLE PERSONAL PROPERTY OF ANY COMMERCIAL,
MANUFACTURING, OR PROFESSIONAL BUSINESS, INCLUDING, BUT
NOT LIMITED TO, FURNITURE, FIXTURES, EQUIPMENT, AND
SUPPLIES, WHICH IS ACTUALLY USED IN THE BUSINESS, BY THE
APPROPRIATE ACTION OF RESPECTIVE GOVERNING BODIES OF SUCH
COUNTIES, MAY ELIMINATE COUNTY TAXES ON ONE OR MORE
CLASSES OF SUCH PROPERTY.
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(N) IN CALVERT, KENT, AND QUEEN ANNE'S COUNTIES,
THE GOVERNING BODIES MAY, BY APPROPRIATE ACTION,
ELIMINATE COUNTY TAXES ON ONE OR MORE CLASSES OF TANGIBLE
PERSONAL PROPERTY OF ANY COMMERCIAL, MANUFACTURING, OR
PROFESSIONAL BUSINESS, INCLUDING, BUT NOT LIMITED TO,
FURNITURE, FIXTURES, EQUIPMENT, AND SUPPLIES, WHICH ARE
ACTUALLY USED IN THE BUSINESS.
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