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ROBERT L. EHRLICH, JR., Governor Ch. 386
(B) PERSONAL PROPERTY OTHER THAN OPERATING PERSONAL PROPERTY OF
A PUBLIC UTILITY IN DORCHESTER COUNTY IS SUBJECT TO COUNTY OR MUNICIPAL
CORPORATION PROPERTY TAX ON:
(1) 90% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY 1, 2006;
(2) 80% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY 1, 2007;
(3) 70% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY 1, 2008;
(4) 60% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY , 2009;
(5) 50% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY 1, 2010;
(6) 40% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY 1, 2011;
(7) 30% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY 2, 2012;
(8) 20% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY 1, 2013;
AND
(9) 10% OF ITS VALUE FOR THE TAXABLE YEAR BEGINNING JULY 1, 2014.
DORCHESTER COUNTY MAY REDUCE, BY LAW, THE PERCENT OF THE ASSESSMENT OF
PERSONAL PROPERTY OTHER THAN OPERATING PERSONAL PROPERTY OF A PUBLIC
UTILITY.
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(B) IF THE GOVERNING BODY OF THE COUNTY ENACTS A LAW REDUCING THE
ASSESSMENT OF PERSONAL PROPERTY, PERSONAL PROPERTY OTHER THAN
OPERATING PERSONAL PROPERTY OF A PUBLIC UTILITY IS SUBJECT TO COUNTY
PROPERTY TAX ON:
(1) 90% OF ITS VALUE FOR THE FIRST TAXABLE YEAR BEGINNING AFTER
ENACTMENT OF THE LAW;
(2) 80% OF ITS VALUE FOR THE SECOND TAXABLE YEAR BEGINNING
AFTER ENACTMENT OF THE LAW;
(3) 70% OF ITS VALUE FOR THE THIRD TAXABLE YEAR BEGINNING
AFTER ENACTMENT OF THE LAW;
(4) 60% OF ITS VALUE FOR THE FOURTH TAXABLE YEAR BEGINNING
AFTER ENACTMENT OF THE LAW;
(5) 50% OF ITS VALUE FOR THE FIFTH TAXABLE YEAR BEGINNING
AFTER ENACTMENT OF THE LAW.
(6) 40% OF ITS VALUE FOR THE SIXTH TAXABLE YEAR BEGINNING AFTER
ENACTMENT OF THE LAW;
(7) 30% OF ITS VALUE FOR THE SEVENTH TAXABLE YEAR BEGINNING
AFTER ENACTMENT OF THE LAW;
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- 1799 -
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