HARRY HUGHES, Governor

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(a) In this section, the following words have the
meanings indicated:

(1) "Assumed real property tax" means:

(I) IN THE CASE OF A RENTER WHO RENTS
SPACE TAXABLE UNDER SECTION 12C OF THIS ARTICLE (RELATING TO
LOCAL TAX ON CERTAIN MOBILE HOME PARKS), THE GREATER OF:

1. THE TAX PAID UNDER SECTION 12C OF
THIS ARTICLE; OR

2. THE SUM OF:

A. THE TAX PAID UNDER SECTION 12C OF
THIS ARTICLE; PLUS

B. 10 PERCENT OF THE RENT PAID

DURING THE CALENDAR YEAR FOR SPACE TAXABLE UNDER THAT
SECTION; AND

(II) IN THE CASE OF ALL OTHER RENTERS, 10
15 percent of the occupancy rent paid by [a] THE renter
during the calendar year, AND MEANS 15 PERCENT OF THE
OCCUPANCY RENT PLUS THE TAX PAID BY PROPERTIES SUBJECT TO
SECTION 12C OF THIS ARTICLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981, contingent upon the
appropriation of sufficient funds contained in the Budget
Bill for fiscal year 1982, and, if said appropriation is not
made in the Budget Bill, this Act shall be null and void
without the necessity of further action by the General
Assembly.

Approved May 19, 1981.

CHAPTER 765

(House Bill 1029)

AN ACT concerning

Bankruptcy - Exemption from Execution

FOR the purpose of altering the exemptions from execution on
a judgment and in bankruptcy; and prohibiting a debtor
from electing the federal bankruptcy exemptions.

BY repealing and reenacting, with amendments,