PARRIS N. GLENDENING, Governor

Ch. 174

statewide yield of the county income tax determined under paragraph (1)(ii) of this
subsection, the Comptroller shall determine the amount that would increase the county
per capita yield to equal [70%] 75% of the statewide per capita yield, as rounded to the
nearest dollar.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1996 1997, contingent on the taking effect of Chapter ____ (S.B. 6731 of the Acts of

the General Assembly of 1996, and if Chapter____does not become effective, this Act

shall be null and void without necessity of further action by the General Assembly.

Approved April 30, 1996.

CHAPTER 174
(House Bill 2)

AN ACT concerning

Taxation of Property for Use or Consumption in High Technology Industries
Property Tax - Manufacturing and Research and Development

FOR the purpose of exempting from the sales and use tax the sale of certain tangible
personal property for use or consumption in certain development, production, and
assembly activities; and altering the definition of "manufacturing." under the
property tax law to include certain development, production, and assembly
activities; providing certain requirements for qualification for a manufacturing
exemption from personal property taxes; allowing the Mayor and City Council of
Baltimore City or the governing body of a county or municipal corporation to grant
a certain tax credit for real property of a research and development facility;
providing that a certain credit may be granted up to 100% of certain property taxes
on certain property; providing for the applicability of this Act; and generally relating
to property tax credits for manufacturing and research and development.

BY adding to

Article—Tax—General

Section 11-227

Annotated Code of Maryland

(1988 Volume and 1995 Supplement)

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 1-101(r), 7-225, and 9-205
Annotated Code of Maryland
(1994 Replacement Volume and 1995 Supplement)

BY repealing and reenacting, without amendments,
Article - Tax - Property

- 1565 -