HARRY HUGHES, Governor

3133

(IV) THE PRIOR YEAR ADJUSTED ASSESSMENT
WHICH IS THE AMOUNT DETERMINED IN (E)(5)(II).

(e) (6) FOR THE 1982-1983 TAXABLE YEAR ONLY, THE
CREDIT SHALL BE CALCULATED BY:

(I)  COMPARING THE 1981 ACTUAL ASSESSMENT,
THE ADJUSTED 1976 ASSESSMENT, AND THE PRIOR YEAR ADJUSTED
ASSESSMENT WHICH IS THE AMOUNT DETERMINED IN (E)(5)(II), AND
SELECTING THE LEAST OF THE THREE AMOUNTS;

(II)  MULTIPLYING THE LEAST OF THE THREE
AMOUNTS BY 115 PERCENT;

(III)  SUBTRACTING THIS PRODUCT FROM THE
1982 ACTUAL ASSESSMENT;

(IV)  MULTIPLYING THIS DIFFERENCE, PROVIDED
IT IS A POSITIVE NUMBER, BY THE APPLICABLE COUNTY, BALTIMORE
CITY, OR MUNICIPAL TAX RATE FOR THIS YEAR. THE PRODUCT OF
THIS CALCULATION SHALL BE THE AMOUNT OF THE TAX CREDIT FOR
THE 1982-1983 TAXABLE YEAR.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 27, 1980.

CHAPTER 859

(House Bill 1053)

AN ACT concerning

Maryland Veterans Commission and Advisory
Committee - Membership

FOR the purpose of altering the membership of the Maryland
Veterans Commission and advisory committee; specifying
the organization to which any new member shall belong;
ORGANIZATIONS TO WHICH THE NEW MEMBERS SHALL BELONG;
ABOLISHING THE ADVISORY COMMITTEE TO THE COMMISSION;
and relating generally to the Maryland Veterans
Commission.

BY repealing and reenacting, with amendments,

Article 96 1/2 - Veterans

Section 3(a) and (e)

Annotated Code of Maryland

(1979 Replacement Volume and 1979 Supplement)

(As enacted by Chapter 4 of the Acts of the