BLAIR LEE III, Acting Governor

483

(D)   NET TAXABLE INCOME.

"NET TAXABLE INCOME" MEANS THE AMOUNT CERTIFIED BY THE
STATE COMPTROLLER FOR THE SECOND FULL CALENDAR YEAR BEFORE
THE FISCAL YEAR FOR WHICH THE CALCULATION OF STATE LIBRARY
AID IS MADE UNDER THIS SUBTITLE, BASED ON TAX RETURNS FILED
ON OR BEFORE JULY 1 AFTER THAT CALENDAR YEAR.

REVISOR'S NOTE: This subsection presently appears as
Art. 77, §176(a)(6).

The only other changes are in style.

(E)   POPULATION.

"POPULATION" MEANS POPULATION DETERMINED FROM FIGURES
AVAILABLE AS OF JULY 1 OF THE CALENDAR YEAR BEFORE THE
FISCAL YEAR FOR WHICH THE CALCULATION IS MADE, FROM:

(1)       THE LATEST DECENNIAL CENSUS; OR

(2)          ESTIMATES PREPARED BY THE DEPARTMENT OF
HEALTH AND MENTAL HYGIENE.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from Art. 77,
§176(a)(2).

(F)   REAL PROPERTY.
"REAL PROPERTY" INCLUDES:

(1)   LAND AND IMPROVEMENTS TO LAND;

(2)    LAND AND NONOPERATING PROPERTY OF RAILROADS
AND PUBLIC UTILITIES; AND

(3)     PUBLIC UTILITIES OPERATING PROPERTY
CLASSIFIED AS REAL PROPERTY BY THE DEPARTMENT OF ASSESSMENTS
AND TAXATION.

REVISOR'S NOTE: This subsection presently appears as
the second sentence of Art. 77, §176(a)(5).

The only changes are in style.

(G)   WEALTH.

"WEALTH" MEANS THE SUM OF NET TAXABLE INCOME AND
ADJUSTED ASSESSED VALUATION OF REAL PROPERTY.

REVISOR'S NOTE: This subsection presently appears as
Art. 77, §176(a)(3).

No changes are made.

23-402. PROGRAM ESTABLISHED.