HARRY HUGHES, Governor

75

[14A.

(a) As used in this section, and as used in Section 14, the
term "homestead" means a single family or two-family
owner-occupied residential dwelling. The term includes the
dwelling, the land upon which the dwelling is situated, and other
land and other improvements that are used primarily as
accessories to the dwelling and not for independent commercial
purposes. If the property is used as a single family
owner-occupied residential dwelling, but a resident of it derives
income from the property, the Department of Assessments and
Taxation shall apportion the total property assessment between
that portion of the property used for residential purposes and
that portion of the property used for independent commercial
purposes.

(b)  The State Department of Assessments and Taxation may
promulgate rules and regulations for the interpretation and
implementation of this section as it deems necessary.]

Article - Natural Resources

[6-207.

Gas injected into underground storage in Prince George's
County by any gas storage company shall be classified and
assessed by the State Department of Assessments and Taxation as
operating property of the gas storage company. The taxing situs
of the gas is the county in which it is injected.]

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved April 10, 1984.

CHAPTER 36

(House Bill 301)

AN ACT concerning

Personal Property Tax - Local Exemption

FOR the purpose of removing restrictions on the power granted to
counties and Baltimore City to reduce the percent of local
assessment of certain categories of personal property.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes
Section 9A(m)