1188

LAWS OF MARYLAND

Ch. 177

WITH THE ADJUSTED 1976 ASSESSMENT, AS DETERMINED IN
SUBSECTION (D)(3) OF THIS SECTION, AND SELECTING THE LESSEE
OF THE TWO AMOUNTS;

(II)   MULTIPLYING THE LESSER OF THE TWO
AMOUNTS BY 115 PERCENT;

(III)  SUBTRACTING THIS PRODUCT FROM THE
1979 ACTUAL ASSESSMENT;

(IV)   MULTIPLYING THIS DIFFERENCE, PROVIDED
IT IS A POSITIVE NUMBER, BY THE APPLICABLE COUNTY, BALTIMORE
CITY OR MUNICIPAL TAX RATE FOR THIS YEAR.

THE AMOUNT DETERMINED IN STEP (IV) OF THIS PARAGRAPH
(3) SHALL BE THE AMOUNT OF THE TAX CREDIT FOR THE 1979-1980
TAXABLE YEAR.

(4) ANY COUNTY, BALTIMORE CITY, OR MUNICIPAL
CORPORATION THAT INTERPRETED THE PROVISIONS OF SECTION 12F-7
ENACTED PURSUANT TO CHAPTER 959 OF THE ACTS OF 1977 IN SUCH
A MANNER THAT FOR TAXABLE YEAR 1977-1978 THE TAX CREDIT HAS

CALCULATED ON AN AMOUNT OF ASSESSMENT EQUIVALENT TO 115

PERCENT OF THE TOTAL INCREASE IN ASSESSMENT FROM JANUARY 1,

1976 TO JANUARY 1, 1977 MAY CONTINUE TO CALCULATE THE TAX

CREDIT FOR THE TAXABLE YEAR 1978-1979 IN THE SAME MANNER.

SECTION 2. AND BE IT FURTHER ENACTED, That the
provisions of Section 12F-7(d) (1) and (e) (1) of this Act
shall not affect any credit calculations made by any
subdivision of this State for the 1977—1978 taxable year
which were made pursuant to the provisions of Chapter 959 of
the Acts of 1977. It is the intention of the General
Assembly, through the passage of this Act, that for the
1977-1978 taxable year, no adjustments to a tax bill shall
be made solely as a result of enactment of this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 2, 1978.

CHAPTER 178
(Senate Bill 912)
AN ACT concerning

State Aid for Police Protection
FOR the purpose of allocating a share of the supplemental

grant to certain qualifying municipalities; and

removing the discretionary power of subdivision from