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Session Laws, 2002
Volume 800, Page 1368   View pdf image
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Ch. 121
2002 LAWS OF MARYLAND
CHAPTER 121
(Senate Bill 98) AN ACT concerning State Aid - Property Values FOR the purpose of altering and clarifying the definition of real and personal
property in the calculation of certain State aid for police protection, education,
and libraries; repealing certain provisions in the library aid formula and police
aid formula; altering the calculation of preferentially assessed agricultural land
in the education aid formula; altering certain definitions; providing for the
application of this Act; and generally relating to the valuation of property in the
calculation of certain State aid formulas for police protection, education, and
libraries. BY repealing and reenacting, with amendments,
Article 88B - Department of State Police
Section 66(a)(4)
Annotated Code of Maryland
(1998 Replacement Volume and 2001 Supplement) BY repealing and reenacting, with amendments,
Article - Education
Section 5-202(a) and 23-501
Annotated Code of Maryland
(1999 Replacement Volume and 2001 Supplement) BY repealing and reenacting, without amendments,
Article — Tax — Property
Section 8-101 Annotated Code of Maryland (2001 Replacement Volume and 2001 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: Article 88B - Department of State Police 66. (a) As used in this subtitle: (4) "Adjusted assessed valuation of real property" means [, for fiscal year
2000 and each fiscal year thereafter,] 100% OF THE ASSESSED VALUATION OF THE
OPERATING REAL PROPERTY OF PUBLIC UTILITIES, PLUS 40% of the assessed
valuation of ALL OTHER real property reported by the State Department of
Assessments and Taxation as of July 1 of the second fiscal year preceding the fiscal
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Session Laws, 2002
Volume 800, Page 1368   View pdf image
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