HARRY W. NICE., GOVERNOR. 43

troller shall require not to exceed one per cent (1%) of the
income of said non-resident to be withheld by the employer or
other person making payments to said non-resident for the
purpose of satisfying this State's income tax claim. After the
non-resident shall have submitted his annual return and it
shall have been audited, the Comptroller shall refund any over-
payment with interest at 4% per annum from the date re-
ceived until certified for refund.

(3) Every domestic corporation and every foreign corpora-
tion doing business in this State (except national banks and
State banks and trust companies, and religious, educational,
charitable and other corporations not organized or conducted
for pecuniary profit, no part of the net earnings of which
inure to the benefit of any private shareholder or individual)
shall pay for each taxable year a tax to be computed by the
Comptroller upon the entire net income of such corporation,
derived from business done, property located or sources in
this State, exclusive, in the case of a domestic corporation
which does no part of its business within this State, of income
from its intangible property and such tax is hereby annually
levied for each taxable year at the rate of one-half of one
per cent (. 5%) of the entire net income of the corporation or
the portion thereof taxable within the State determined as
provided in this sub-title.

(4) The taxes imposed by this section shall be levied and
collected only for each of the two calendar years 1937 and
1938, or, in the event the taxpayer's taxable year is a fiscal
year, for such number of days as fall within said calendar
years.

229. CREDITS ALLOWED RESIDENTS. Whenever a resident indi-
vidual of this State has become liable for income tax to another
State upon his net income, or any part thereof for the taxable
year, derived from sources without the State and subject to tax-
ation under this sub-title, the amount of income tax payable by
Mm under this sub-title shall be credited on his return with the
income tax so paid by him to such other State upon his produc-
ing to the proper assessing officer satisfactory evidence of the
fact of such payment; provided, however, that application of
such credits shall not operate to reduce the tax payable tinder
this sub-title to an amount less than would have been payable
were the income from such other State ignored. The credit
provided for by this section shall not be granted to a taxpayer
when the laws of another State, under which the income in
question is subject to tax assessment, fail to provide for credit
to such taxpayer substantially similar to that granted by Sec-
tion 230.