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1665
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HARRY HUGHES, Governor
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Approved May 31, 1983.
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CHAPTER 532
(Senate Bill 435)
AN ACT concerning
Personal Property Tax - Exemption
FOR the purpose of exempting from State property taxation certain
personal property; allocating a certain amount of net
receipts from the tax on net income of corporations to the
General Fund of the State; directing the Board of Public
Works to certify a certain rate of property tax on certain
personal property in certain years; providing that the
exemption becomes effective upon the repayment of certain
State bonds; providing for the effect of laws inconsistent
with this Act; and providing a certain effective date for
this Act.
BY repealing and reenacting, with amendments,
Article 31 - Debt - Public
Section 23
Annotated Code of Maryland
(1976 Replacement Volume and 1982 Supplement)
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BY repealing and reenacting, with amendments,
Article 81 - Revenue and Taxes
Section 9A(a) and 288A
Annotated Code of Maryland
(1980 Replacement Volume and 1982 Supplement)
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BY adding to
Article 81 - Revenue and Taxes
Section 9A(o)
Annotated Code of Maryland
(1980 Replacement Volume and 1982 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 31 - Debt - Public
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23.
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