HARRY HUGHES, Governor

2357

The Public Local Laws of Caroline County
Section 49

Article 6 - Public Local Laws of Maryland
(1965 Edition and 1975 Supplement, as amended)

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of Maryland be repealed, amended, or enacted to read as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

Article 6 - Caroline County

49.

(a)  In order to encourage and induce the expansion,
growth, and development of new and established
manufacturing, fabricating, assembling, processing and
distributing industries, factories and plants in Caroline
County, the following property of new units, expansion
units, extensions and additions to such established
industries, factories and plants wholly located in Caroline
County, which new units, expansions, additions and
extensions were made or constructed on or after June 1,
1953, shall be exempt from assessment and all County and
municipal taxes, for the periods and with the limitations as
hereinafter specified.

(b) (1) Exempted property shall be limited to land,
buildings, tools, including mechanical tools; implements,
whether worked by hand, steam, or other motive power;
machinery, manufacturing apparatus, or engines used in
manufacturing, whether temporarily idle or not; and all
other personal property used in or forming a part of the
business of such new unit, expansion unit, extension or
addition, exclusive of inventory.

(2) Notwithstanding anything to the contrary, in
order to qualify for said exemption, the applicant must (i)
employ not less than 15 persons and (ii) have an annual
payroll of not less than $85,000.

(c)  The exemptions herein provided shall be only for
ten years from the date of completion of such new unit,
extension, expansion or addition, and provided that the
assessable value of such project or projects is greater than
$42,000.00 in the case of an established industry, and
$78,000.00 in the case of a new factory or plant.
Exemptions granted under this section must be renewed
annually and are not transferable with change of ownership.
All exemptions must be approved by the County Commissioners.

(d)  The aggregate assessable value of all expansion
projects or units completed in each fiscal year of the
County shall determine the extent of said exemption and the
time of beginning of said exemption period, as specified in
Sub-section (c) above.