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LAWS OF MARYLAND

Ch. 66

[(2) For the taxable year beginning July 1,
1978, the] THE Department may amend the constant yield tax
rate on or before April 15[, 1978, in order to reflect the
special allowance for homestead property required in §
14(b)(1) of this article].

(h) (2) The constant yield tax rate required to be
distributed with or placed on tax bills shall be described
in substantially the following form:

"Constant Yield Tax Rate

1.  In the last taxable year the county (or Baltimore

City) property tax rate was ......, and the certified

ASSESSABLE value of [all] THE NET assessable property was

$....... The [rate] VALUE multiplied by the [value] RATE

produced revenues of $......

2.  For this taxable year the certified ASSESSABLE

value of [all] THE NET assessable property is $...... To

produce the same revenue as last year, LESS CERTAIN STATE

AID, the tax rate would be ...... This rate is called the

constant yield tax rate.

3.  For this taxable year the actual property tax rate

is ......, WHICH IS (THE SAME AS) (DIFFERENT FROM) THE

CONSTANT YIELD TAX RATE. [This rate is ......] (IF

DIFFERENT, THE RATE IS ...... (more) (less) than the

constant yield tax rate and will produce in revenue

$......(more) (less) than WOULD BE produced by the constant

yield tax rate.)".

SECTION 2. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for
the immediate preservation of the public health and safety
and having been passed by a yea and nay vote supported by
three-fifths of all the members elected to each of the two
Houses of the General Assembly, the same shall take effect
from the date of its passage.

Approved April 10, 1979.

CHAPTER 67

(House Bill 873)

AN ACT concerning

Carroll County - Economic Development Commission

FOR the purpose of removing a certain limitation on the
number of members of the Carroll County Economic
Development Commission; and clarifying language.