Section 2
SEC. 2. Section twelve of Act Numbered Twenty-two hundred and thirty-eight is hereby amended to read as follows: "SEC. 12. Real property declared for the first time shall have taxes assessed against it from and including the year in which, under the provisions of then existing law, the same would have been subject to taxation; but such taxes shall not be collected for more than the four years preceding the one in which the assessment was made. Real oroperty part of the area or improvements of which have been declared for the first time shall not be taxed as to the area or improvements newly declared until the year next following the one in which the assessment was made.