HARRY HUGHES, Governor

2143

(IV) MULTIPLYING THIS DIFFERENCE, PROVIDED
IT IS A POSITIVE NUMBER, BY THE APPLICABLE COUNTY, BALTIMORE
CITY, OR MUNICIPAL TAX RATE FOR THIS YEAR. THE AMOUNT
DETERMINED IN STEP (IV) OF THIS PARAGRAPH (4) SHALL BE THE
AMOUNT OF THE TAX CREDIT FOR THE 1981-1982 TAXABLE YEAR.

[(4)] (6) Any county, Baltimore City, or
municipal corporation that interpreted the provisions of
Section 12F-7 enacted pursuant to Chapter 959 of the Acts of
1977 in such a manner that for taxable year 1977-1978 the
tax credit was calculated on an amount of assessment
equivalent to 115 percent of the total increase in
assessment from January 1, 1976 to January 1, 1977 may
continue to calculate the tax credit for the taxable year
1978-1979 in the same manner.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 29, 1979.

CHAPTER 748

(House Bill 1589)

AN ACT concerning

Submerged Lands — Resurvey

FOR the purpose of allowing the Department of Natural
Resources to resurvey at its discretion any submerged
land area of the State to locate accurately the natural
bars and barren bottom; requiring that an environmental
impact study be made at certain times; and clarifying
language.

BY repealing and reenacting, with amendments,

Article — Natural Resources
Section 4-1102(a)
Annotated Code of Maryland
(1974 Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article — Natural Resources

4-1102.