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LAWS OF MARYLAND.

CHAPTER 544.

AN ACT to add a new section to article eighty-one, of the Code

of Public General Laws, title "Eevenue and Taxes," sub-title

"State Tax Commissioner," to come in after section one hun-

dred and thirty-three, and to be designated as "Section one

hundred and thirty-three A," relating to the report by safe

deposit, trust, fidelity, security and guaranty companies to the

State tax commissioner of their investments.

SECTION 1. Be it enacted by the General Assembly of Maryland,

That the following new section be added to article eighty-one, of

the Code of Public General Laws, title "Eevenue and Taxes,"

To add.

sub-title "State Tax Commissioner," to come in after section one

hundred and thirty-three, and to be designated as "Section one

hundred and thirty-three A," as follows :

SEC. 133 A. The president, cashier, or other chief officer of

each security, safe deposit, fidelity, guaranty and trust company

heretofore or hereafter incorporated under the laws of this State,

or incorporated under the laws of any other State and located in

and doing business in this State, shall by the fifteenth day of

April in each year make a full and detailed report under oath

to the State tax commissioner of all securities and investments of

every description held by such companies respectively, in trust or

To report.

otherwise, for any person, corporation or trust estate, to the end

that the said investments may be made subject to State, county

and municipal taxation, properly applicable to the same pro-

vided by law; and the said tax commissioner shall annually by

the fifteenth day of May in each year, assess said securities or

other investments according to their fair value, and levy the State

taxes prescribed by law upon the same, and shall also immediately

upon the receipt of said annual reports transmit a copy of the

same to the county commissioners of the several counties in which

the principal office of said companies shall be located, and to the

appeal tax court of Baltimore city for the due assessment and

levy of county and municipal taxes upon such investments and

other securities.

Effective

SEC. 2. And be it enacted, That this act shall take effect from

the date of its passage.

Approved April 8, 1890.