HARRY HUGHES, Governor

2855

GROSS VALUE IS THE AMOUNT RECEIVED OR RECEIVABLE DURING THE
REPORTING PERIOD REDUCED BY THE AMOUNT PAID OR PAYABLE TO
THE TAXPAYER ACTUALLY SERVERING THE COAL.

(5) IF COAL SEVERED WITHIN THE TAXING COUNTY IS
PURCHASED FOR THE PURPOSE OF PROCESSING AND CONSUMPTION, THE
GROSS VALUE IS THE FAIR MARKET VALUE OF PROCESSED COAL OF
SIMILAR GRADE AND QUALITY REDUCED BY THE AMOUNT PAID OR
PAYABLE TO THE TAXPAYER ACTUALLY SEVERING THE COAL.

469 468.

(A) (1) THE GOVERNING BODY OF A TAXING GARRETT AND ANY
CODE COUNTY MAY SHALL, FOR THE TAXABLE YEAR BEGINNING JULY
1, 1981, AND EVERY TAXABLE YEAR THEREAFTER, LEVY A TAX UPON
EVERY PERSON EXERCISING THE PRIVILEGE, WITHIN THE COUNTY, OF
ENGAGING IN OR CONTINUING IN THE BUSINESS OF SELLING,
TRANSFERRING, SEVERING, REDUCING TO POSSESSION, OR PRODUCING
FOR SALE, PROFIT, OR COMMERCIAL USE, COAL SURFACE MINED IN
THE COUNTY. SEVERING COAL BY THE SURFACE MINING METHOD.

(2) THE TAX SHALL BE BASED ON A PERCENT OF THE
VALUE OF THE GROSS PROCEEDS DERIVED FROM THE SALE OF COAL AS
DETERMINED UNDER THIS SUBTITLE, BUT MAY NOT EXCEED 5 PERCENT
OF THE VALUE OF THE COAL. 35 CENTS FOR EACH TON OF SURFACE
MINED COAL IN THE COUNTY AND SHALL BE INCREASED ANNUALLY BY
5 CENTS PER TON THROUGH THE TAXABLE YEARS 1981-1982 AND
1982-1983 BY 5 CENTS ON JULY 1, 1982.

(B) IF THE GOVERNING BODY OF A TAXING COUNTY LEVIES A
TAX UNDER THIS SUBTITLE, THE GOVERNING BODY MAY EXEMPT
TAXPAYERS FROM THE TAX TO THE EXTENT THAT THE TAXPAYERS SELL
COAL MINED IN THE TAXING COUNTY FOR USE OR RESALE IN THE
TAXING COUNTY.

(B) (1) THE GOVERNING BODY MAY SHALL, AS OF JULY 1,
1981, EXEMPT FROM ANY COUNTY TAX PERSONAL PROPERTY USED
PRIMARILY IN SURFACE MINING RELATED ACTIVITIES AND OWNED BY
PERSONS SUBJECT TO THE TAX LEVIED UNDER THIS SECTION.
SURFACE MINING RELATED ACTIVITIES DO NOT INCLUDE INCLUDE THE
ACTIVITIES OF ANY COAL WASHING PREPARATION COAL PLANT.

(2) NOTWITHSTANDING THE EXEMPTION OF ANY
PROPERTY FROM COUNTY TAXATION UNDER THIS SUBSECTION, THE
PROPERTY EXEMPTED IN ANY COUNTY SHALL CONTINUE TO BE
INCLUDED IN THE ASSESSABLE BASE OF THE COUNTY FOR THE
PURPOSES OF ANY OTHER LAW, INCLUDING, WITHOUT LIMITATION,
STATE AID FOR EDUCATION AND STATE AID FOR POLICE PROTECTION.

470.

(A) IF A TAXING COUNTY LEVIES A TAX UNDER THIS
SUBTITLE, THE REPORTING PROVISIONS OF THIS SECTION APPLY.

(B) (1) ANY PERSON ENGAGED IN THE BUSINESS OF SELLING,
TRANSFERRING, SEVERING, REDUCING TO POSSESSION, OR PRODUCING
FOR SALE, PROFIT, OR COMMERCIAL USE, COAL SURFACE MINED IN