3134 ARTICLE 81

individuals along with their other income at the rates and in the manner
herein provided for the taxation of income of individuals. In computing
the tax of each partner there shall be included in his investment income,
ordinary income and allowable deductions, respectively, that proportion
of the investment income, ordinary income and allowable deductions,
respectively, of the partnership for the annual accounting period of the
partnership ending with or in the taxable year of the partner, that such
partner's distributive share (whether distributed or not) of the net income
of the partnership for such annual accounting period, bears to the total
net income of the partnership for such annual accounting period.

1939, ch. 277, sec. 246.

253. (Allocation of Corporate Income.) The net income of a corpora-
tion (domestic or foreign) shall be allocated in the following manner:

(a) Income from ground rents, rents and royalties and other income
from real estate or tangible personal property permanently located in this
State (less related expenses) shall be allocated to this State; and such
income from real estate or tangible personal property permanently located
outside this State (less related expenses), shall be allocated outside this
State.

(b) The remaining net income (including net income from dividends
and interest on intangible personal property having a business or com-
mercial situs either in this State or outside this State but excluding net
income from dividends and interest on other intangible personal property),
hereinafter referred to as business income, shall be allocated to this State
if the trade or business of the corporation is carried on wholly within this
State, but if the trade or business of the corporation is carried on partly
within and partly without this State, so much of the business income of
the corporation as is derived from or reasonably attributable to the trade
or business of the corporation carried on within this State, shall be allo-
cated to this State and any balance of the business income shall be allo-
cated outside this State. The portion of the business income derived from
or reasonably attributable to the trade or business carried on within this
State shall be determined by separate accounting where practicable, but
where separate accounting is not practicable, the portion of the business
income of the corporation allocable to this State shall be determined in such
manner as may be prescribed by rules and regulations of the Comptroller.
The Comptroller is hereby authorized to prescribe by rules and regulations
such method or methods of allocating the business income of corporations
as may justly and fairly determine the portion thereof derived from or
reasonably attributable to the trade or business carried on within this
State.

1939, ch. 277, sec. 247.

254. (Tax a Personal Debt.) Every tax imposed by this sub-title,
and, all increases, interest and penalties thereon, shall become, from the
time it is due and payable, a personal debt, from the person or persons
liable to pay the same to this State, and shall be entitled to the same
priority and collectible in the same manner as other State taxes are pre-
ferred and collectible under the provisions of this Article.