HARRY HUGHES, Governor

2523

(2) subject to subsection (b) of this section, 50% of
the amount to the county in which the principal office of [the] A
DOMESTIC corporation is located.

(b) If the principal office OF A DOMESTIC CORPORATION is
located in a municipal corporation, the county share shall be
divided equally between the county where the municipal
corporation is located and the municipal corporation.

7-301.

(b) The State property tax rate for personal property shall
be set as provided by [Article 31, § 23 of the Code] § 8-134 OF
THE STATE FINANCE AND PROCUREMENT ARTICLE.

8-108.

(d) (1) For operating real property of a domestic public
utility, the. Department shall apportion the assessment of that
operating property among the counties and municipal corporations
where the operating property is located.

(2)  For operating personal property of a domestic
public utility placed into service before January 1, 1968, the
Department shall apportion the assessment of that operating
property on the basis of the ownership of shares of stock, among
the counties and municipal corporations where the owners of the
shares of stock reside, or if an owner is a nonresident of this
State, to the county and any municipal corporation, where the
principal office of [the company] A DOMESTIC CORPORATION is
located. The equitable owner of shares held in trust by a
resident trustee shall be deemed the owner of the shares and the
residence determined as of the date of finality.

(3)  For operating personal property of a domestic
public utility placed into service after December 31, 1967, the
Department shall apportion the assessment of that operating
property among the counties and municipal corporations, where the
operating property is located.

(4)  For operating property of a foreign public
utility, the Department shall apportion the assessment of that
operating property among the counties and municipal corporations
where the operating property is located.

8-303.

For purposes of the Cecil County property tax only, the
buildings located at Fair Hill that are used primarily for fund
raising events for the Union Hospital of Cecil County, may not be
assessed to the owner of the' land on which they are located.
These buildings are:

(1) farmers' grandstand and bleachers;