2402                                            LAWS OF MARYLAND                                     Ch. 818

USE OTHER APPROPRIATE METHODS TO DETERMINE CORRECT EXPENSES
AND/OR DEPRECIATION. IN CASE OF THE FAILURE OF A TAXPAYER TO
FILE THE INCOME AND EXPENSE INFORMATION AFTER HAVING BEEN
NOTIFIED, THE TAXPAYER MAY NOT APPEAL THE DECISION OF AN
ASSESSING AUTHORITY IN VALUING THE PROPERTY ON THE BASIS OF
THE CAPITALIZATION OF INCOME METHOD IN LIEU OF ANY OTHER
METHOD OF VALUATION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act

shall take effect July 1, 1978.

Approved May 29, 1978.

CHAPTER 819

(Senate Bill 670)

AN ACT concerning

Insurance Code — Commercial Bus Lines

FOR the purpose of exempting certain vehicles as defined in
the vehicle laws from certain required primary coverage
insurance provisions.

BY repealing and reenacting, with amendments,

Article 48A - Insurance Code

Section 538(b) and 539

Annotated Code of Maryland

(1972 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 48A - Insurance Code

538.

As used in this subtitle,

(b) "Motor vehicle" means automobile and any other
vehicle, including a trailer, operated or designed for
operation upon a public road by any power other than animal
or muscular power but does not include a vehicle as defined
in §11-165 AND 11-105 of the Transportation Article of the
Annotated Code of Maryland.

539.

(a) No policy of motor vehicle liability insurance
shall be issued, sold or delivered in this State after