PARRIS N. GLENDENING, Governor                             Ch. 720

(1)     Determine the current distribution of property tax burdens for parallel
services provided by county and municipal governments;

(2)     Determine the methodologies that may be used to offset the impacts of
double taxation: and

(3)     Develop legislative recommendations to encourage cooperation between
county and municipal governments with regard to:

taxation exists;

(i) The equitable treatment of property taxpayers where double

(ii)    Local income tax distributions;

(iii)   Other shared tax distributions;

(iv)   Police aid distributions;

(v)     Accountability for service efficiency; and

(vi)   Efficiency loss from service duplication.

(f) On or before December 15, 1997, the Task Force shall submit a report to the
Senate Budget and Taxation Committee and the House Committee on Ways and Means,
in accordance with § 2-1312 of the State Government Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take, effect
October June 1, 1997.

Approved May 22, 1997.

AN ACT concerning

CHAPTER 720
(House Bill 1116)

Corporations - Directors - Terms

FOR the purpose of providing that the initial directors of a corporation serve until their
successors are elected; repealing the requirement that the initial directors term
ends at the first annual meeting; providing that if directors have been divided into
classes the director may not be removed without cause; and generally relating to the
term of a director of a corporation.

BY repealing and reenacting, with amendments,
Article - Corporations and Associations
Section 2-104(a), 2-404, and 2-406
Annotated Code of Maryland
(1993 Replacement Volume and 1996 Supplement)

- 4115 -