1662 LAWS OF MARYLAND. [CH. 677

tain conditions with retroactive similar provisions at
different rates of tax, under certain conditions; to de-
fine "gross receipts" and "gross earnings" and similar
terms and the measure for taxation thereof, under cer-
tain conditions; and providing that the effective date
of this Act shall depend, within limits, upon court deter-
mination of the unconstitutionality, invalidity or inef-
fectiveness of the tax measured by operating revenues
of railroads worked by steam because of its application
to interstate operating revenues, or for any other cause,
upon proclamation by the Governor.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Sub-section (15) of Section 7 of Article 81 of the
Annotated Code of Maryland (1943 Supplement), title
"Revenue and Taxes," sub-title "What Shall Be Taxed
and Where," be and the same is hereby repealed, and that
a new sub-section be and it is hereby enacted in lieu thereof,
said new Sub-Section to be know as Sub-Section (15)
of Section 7, to follow immediately after Sub-Section (14)
of said Section 7 of said Article, and to read as follows:

7. (15). Shares of stock in railroad companies when
the operating property thereof located in this State, except
land, is subject to the special State tax imposed by Sec-
tion 25 (h) ; shares of stock in express or transportation,
parlor car and sleeping car companies which are subject
to taxation under Section 95 upon their operating revenues
within this State; and (from State taxes only) the oper-
ating properties of express or transportation, parlor car
and sleeping car companies when the revenues therefrom
are subject to taxation under Section 95.

SEC. 2. And be it further enacted, That a new sub-sec-
tion be added to Section 25 of Article 81 of the Annotated
Code of Maryland (1943 Supplement), title "Revenue and
Taxes," sub-title "Rate of Tax," said new sub-section to
follow immediately after sub-section (g) of said Section
and said Article, and to be known as sub-section (h), said
sub-section to read as follows:

25. (h) (1). For the calendar year within which
this Act becomes effective, and for subsequent calendar
years, prior to the calendar year 1950 operating property
in this State, except land, of railroads worked by steam,
shall be and is hereby declared to be subject to a tax for
State purposes at the special rate of $1.80 on each $100.00
of valuation, in addition to the regular rate of taxation for
State, County and City purposes. Such State taxes at