HARRY HUGHES, Governor

211

In subsection (a)(3)(iv) of this section, the term
"owner" is substituted for the former phrase "eligible
person, firm, or corporation", for clarity.

In subsection (a)(4) of this section,     the former

reference to "affecting the power of the    board of

estimates of Baltimore City to approve the  exemption"
is deleted as superfluous.

Subsection (b) of this section is revised to state
expressly when the exemption begins.

Subsection (c) of this section is revised to state
expressly that "Baltimore City" shall report to the
General Assembly.

Defined terms: "Includes";"including" § 1-101
"Person" § 1-101 "Property" § 1-101
"Real Property" § 1-101

7-507. SAME — FOREIGN IMPORT PROPERTY.

IF THE MAYOR AND CITY COUNCIL OF BALTIMORE CITY OR THE
GOVERNING BODY OF A COUNTY OR OF A MUNICIPAL CORPORATION
AUTHORIZES, BY LAW, THE STOCK IN BUSINESS CONSISTING OF FOREIGN
IMPORTS OF A BUSINESS ENGAGED IN IMPORTING IS NOT SUBJECT TO
COUNTY OR MUNICIPAL CORPORATION PROPERTY TAX IF THE FOREIGN
IMPORT IS:

(1)  IN THE POSSESSION OF THE BUSINESS ENGAGED IN
IMPORTING; AND

(2)  IN ITS ORIGINAL PACKAGE.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
9A(a) and (e)(7).

In the introductory language of this section, the
defined term "municipal corporation" is substituted
for the former term "municipality", for clarity.

Also in the introductory language of this section, the
reference to the "Mayor and City Council of Baltimore
City" is substituted for the former reference to the
"governing body of Baltimore City", for clarity.

Also in the introductory language of this section, the
defined term "law" is substituted for the former
reference to "ordinance or resolution", for clarity.

Also in the introductory language of this section, the
defined term "property tax" is substituted for the
former term "ordinary taxation", for clarity. As to a