HARRY HUGHES, Governor

815

[(2)3 (3) All personal property directed in this
article to be assessed shall be assessed at its full cash
value on the date of finality. The term full cash value as
used in this subsection means current value without any
allowance for inflation. In determining this value, the
assessing authority shall consider any sums paid in
connection with the acquisition of the property when
acquired through a purchase or lease purchase or other
similar kind of agreement for transfer of title after a
period of use of the property.

[(3)3 (4) All operating property of railroads,
public utilities, and contract carriers, and all shares of
stock of domestic corporations the shares of which are
subject to taxation by this article, shall be assessed in
accordance with the provisions of §§ 16 and 20 of this
article, subject, however, to the provisions of § 9 hereof.
To the extent that the personal property of the classes of
taxpayers mentioned in this subsection is subject to
taxation by this article, said personal property shall be
assessed in accordance with provisions of paragraph [(2)]

[(4)] (5) In order to encourage the use and
installation of solar energy heating and cooling units in
existing or newly constructed buildings, solar energy
heating and cooling units in residential or nonresidential
buildings shall be [assessed] VALUED at no more than the
value of a conventional heating and cooling unit necessary
to serve the building. If a building has both conventional
and solar heating and cooling units, the combined units
shall be [assessed] VALUED at no more than the value of a
conventional heating and cooling unit necessary to serve the
building.

29.

(a) Before (1) any existing valuation of property for
tax purposes shall be increased, or (2) any classification
of any property changed, or (3) any new valuation of
property made against any person; or (4) whenever any person
applies for a change in an existing valuation or
classification and there is a change or refusal to change an
existing valuation or classification, or (5) whenever a
valuation or classification for a given year, or part
thereof, has been appealed, but not finally determined, and
the same valuation or classification is made for a
subsequent year, on property locally assessed, either by the
State Department of Assessments and Taxation (acting within
its original jurisdiction) or the supervisors of assessments
for the county or Baltimore City, [it shall be the duty of]
the appropriate authority [to] SHALL notify the person
against whom it is proposed to make, increase, change or
refuse to change [such] THE valuation or classification by a
written or printed notice, appointing a day for [such] THE
person to make answer thereto or present such proof as he