WM. PRESTON LANE, JR., GOVERNOR. 1517

224.

(k). Contributions or gifts actually paid by individuals,
firms or corporations within the taxable year to or for the
use of: (1) this State, its institutions, or any political sub-
division of the State exclusively for public purposes; (2)
any corporation, or trust, or community fund, or foundation,
no part of the net income of which inures to the benefit of
any private shareholder or individual, but only if such con-
tributions or gifts are dedicated exclusively for religious,
charitable, scientific, literary or educational purposes; or
(3) a fraternal society or organization, operating under the
lodge system, but only if such contributions or gifts are
dedicated exclusively for religious, charitable, scientific, lit-
erary or educational purposes; or (4) any voluntary fire com-
pany maintaining a bona fide existence at some location in
the State of Maryland; to an amount which in all the above
cases combined, does not exceed fifteen per cent. (15%) of the
net income of individuals and firms and 5% of the net in-
come of corporations as computed without the benefit of this
sub-section. Such contributions or gifts shall be allowable
as deductions only if verified under the rules and regulations
prescribed by the Comptroller.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1947.

Approved April 25, 1947.

CHAPTER 603.
(Senate Bill 20)

AN ACT to repeal and re-enact, with amendments, Section
26 (c) of Article 81 of the Annotated Code of Maryland
(1939 Edition), title "Revenue and Taxes", sub-title "For
What Period and as of What Date Taxes are Levied", pre-
scribing uniform date of finality for tangible personal prop-
erty.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 26 (c) of Article 81 of the Annotated Code
of Maryland (1939 Edition), title "Revenue and Taxes", sub-
title "For What Period and as of What Date Taxes Are
Levied", be and it is hereby repealed and re-enacted, with
amendments, to read as follows: