1664 LAWS OF MARYLAND. [CM. 677

SEC. 3. And be it further enacted, That Section 94 1/2 of
Article 81 of the Annotated Code of Maryland (1943
Supplement), title "Revenue and Taxes," sub-title "Gross
Receipts Tax," be and the same is hereby repealed and re-
enacted, with amendments, to read as follows:

9414. The phrases "gross receipts", "total receipts",
"gross earnings", "total earnings" and "all earnings",
as used in Sections 95 to 99, inclusive, mean in the case of
public utilities and contract carriers, the operating rev-
enues thereof, without any deductions or credits of any
kind whatsoever. When any such taxpayer is engaged in
more than one class of business and one or more classes
thereof is business not subject to the gross receipts tax or
subject thereto at a different rate or rates, the operating
revenues of the class or classes of business subject to such
tax at a different rate or rates shall be reported separately
and taxed at the rate or rates applicable to such class or
classes of business. This section shall not be construed as
implying that in the absence of this section the require-
ments of Sections 95 to 99, inclusive, could properly be
otherwise construed.

SEC. 4. And be it further enacted, That Sub-section
(a) of Section 95 of Article 81 of the Annotated Code of
Maryland (1943 Supplement), title "Revenue and Taxes,"
sub-title "Gross Receipts Tax," be and the same is hereby
repealed and re-enacted, with amendments, to read as
follows:

95. (a). A State tax as a franchise tax is hereby
levied annually for the year 1930 and subsequent years
measured by the gross receipts for the preceding calendar
year, of:

(1) Every domestic or foreign telegraph or cable,
express or transportation, parlor car, sleeping car, safe
deposit and trust company doing business in this State,
at the rate of two and one-half per centum (2 1/2%) with
respect to their safe deposit and trust business, including
all receipts derived from the business of acting in a fidu-
ciary or representative capacity, without any deductions
or credits of any kind whatsoever.

(2) All domestic and foreign telephone and oil pipe
line companies doing business in this State at the rate of
two per centum (2%).

(3) All domestic and foreign electric light or power
companies doing business in this State, at the rate of one
(1%) per centum.