Town of Mount Airy, MD Article I Manufactured Products Exemption

[Adopted 1-18-1965 by Ord. No. 91]

§ 101-1 Exemption from valuation and assessment.

Pursuant to the authority contained in Article VI of the Charter of the Town of Mount Airy, as revised in 1951, only for the purposes of taxation by the Town of Mount Airy beginning July 1, 1965, and thereafter, the stock in business, raw materials on hand and manufactured products in the hands of the manufacturer, of every person, firm or corporation in any manufacturing or commercial business shall be entirely exempt from valuation and assessment.