J. MILLARD TAWES, Governor                          7

of county taxation in Carroll County as to valuing and assessing
stock in business, raw materials on hand, and manufactured
products in the hands of the manufacturer of certain persons,
firms or corporations engaged in any manufacturing or commer-
cial business and clarifying the meaning of "engaged in any manu-
facturing or commercial business".

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 15(b-2) of Article 81 of the Annotated Code of Mary-
land (1964 Supplement), title "Revenue and Taxes", sub-title
"Method of Assessment", be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

15.

(b-2) Over a ten-year period beginning in the year 1965, and only
for purposes of county taxation, the Board of County Commissioners
of Carroll County by resolution and in regular progression may
change the manner of valuing and assessing the stock in business,
raw materials on hand, and manufactured products in the hands of
the manufacturer of every person, firm, or corporation engaged in
Carroll County in any manufacturing or commercial business prior
to January 1, 1965. The valuation and assessment at a ratio of sixty
per centum (60%) of fair average value under sub-section (d) of
this section or other valuation and assessment, as of the beginning
of the ten-year period, shall be diminished in equal ratios for each
of the ten years, until at the end of the ten-year period, and there-
after, such stock in business, raw materials on hand, and manufac-
tured products in the hands of the manufacturer are entirely exempt
from valuation and assessment.

Also, and only for purposes of county taxation during 1965 and
thereafter, the Board of County Commissioners of Carroll County
by resolution may provide that the stock in business, raw materials
on hand, and manufactured products in the hands of the manufac-
turer of every person, firm, or corporation first engaged in Carroll
County after January 1, 1965, in any manufacturing or commercial
business, be entirely exempt from valuation and assessment [.] ;
provided, however, that this exemption shall not apply to a person,
firm or corporation carrying on in Carroll County after January 1,
1965, the same or substantially the same manufacturing or commer-
cial business which had been conducted by any other person, firm
or corporation in Carroll County on or before January 1, 1965.

For purposes of this Section 15(b-2), no person, firm, or cor-
poration shall be deemed to have engaged in any manufacturing or
commercial business in Carroll County solely because such person,
firm, or corporation performed any one or more of the following
acts in Carroll County: (1) the execution of contracts relating to
business to be carried on in Carroll County after January 1, 1965,
including, but not limited to, contracts concerning the financing of
business ventures and the construction of plant and equipment; and
(2) the solicitation of orders by a resident salesman, if such orders
are accepted outside the State of Maryland and delivery is made
directly to the purchasers.

Sec. 2. And be it further enacted, That this Act is hereby
declared to be an emergency law, necessary for the immediate