3308 ARTICLE 89B

in addition thereto three and one-half per cent, of so much of such gross
receipts as shall be in excess of five hundred thousand dollars ($500,000)
and not in excess of one million dollars ($1,000,000) for such year, and
in addition thereto five and one-half per cent, of so much of such gross
receipts as shall be in excess of one million dollars ($1,000,000) ; and
that for the purpose of determining said tax, said Company, its lessees, its
successors and assigns, and any purchaser thereof, shall make the appro-
priate reports, and be subject to the appropriate penalties provided in
Sections 181 to 199, inclusive, of Article 81 of the Code of Public General
Laws of this State, and of said tax one-half of one per cent, of such gross
receipts, as above specified, shall be payable to the Treasurer of the
State, and the remainder thereof shall be payable one-half to the Treasurer
of Baltimore County and one-half to the Treasurer of Kent County, and
it shall be the duty of the State Tax Commission, when it has ascertained
and fixed the amount of such tax, to certify to the Comptroller of the
Treasury, and to the Treasurer of Baltimore County and to the Treasurer
of Kent. County, and to the said Chesapeake Bay Bridge Company, the
amount of such tax due to the said State of Maryland and to said respec-
tive counties, and thereupon said tax shall be collectible by the Treasurer
of the State of Maryland and by the respective Treasurers of said respec-
tive counties, as other county and State taxes due from corporations are
collected.

Provided, however, that the franchise tax herein made payable to the
State of Maryland and to Baltimore County and to Kent County shall
not be levied or assessed upon the tolls and revenues of said bridge derived
during the first year of the operation thereof.

Said franchise tax shall be in lieu of all taxes which might otherwise
be levied by this State, or by any county, municipality or other taxing
authority therein, upon said bridge and appurtenant structures, upon
its fills, approaches and rights of way, upon the tolls and revenues thereof,
or upon the franchises for the construction and operation of said bridge,
and shall also be in lieu of all such other taxes upon said Company, its
successors or assigns, or upon the holders of the capital stock of said Com-
pany, its successors or assigns, based upon the ownership by said company,
its successors or assigns, of said bridge and its appurtenances, or based
upon the receipt by said company, its successors or assigns, of the tolls
and revenues thereof, it being hereby declared that said property in the
hands of said Company, its successors and assigns, and the holders of said
stock, shall be forever free and exempt from all of said taxes. The ex-
emption herein provided shall not be extended, however, directly or indi-
rectly, so as to include any real or personal property otherwise subject to
taxation which may be owned by said Company, its lessees, successors or
assigns, apart from and in addition to the property hereinabove specifically
exempted from such taxation, but any a.nd all land, water rights and other
real property, and the improvements thereon, at any time acquired and
held by said Company, its lessees, successors and assigns, apart from and
in addition to said bridge, the ways and approaches thereto, and appurte-
nant structures, shall be subject to assessment and taxation for County and
State purposes as other real estate is now or may hereafter be taxed by law.

1935, ch. 109, sec. 50A.

68. Upon the acquisition by any state agency, County, municipal cor-
poration, public corporation or other public body of the franchises of The