1196

LAWS OF MARYLAND.

CHAP. 712

CHAPTER 712.

AN ACT to repeal Section 164 of Article 81 of the Code of
Public General Laws of Maryland (as legalized by the Act
of 1904, Chapter 72), title "Revenue and Taxes," sub-
title "Tax on Gross Receipts of Certain Corporations," as
said Section was enacted by the Act of the General Assem-
bly of 1896, Chapter 120, Section 1, Code Section 164,
and to re-enact the said section with amendments.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 164 of Article 81 of the Code of Public

Repeal and
re-enact.

General Laws of Maryland (as legalized by the Act of 1904,
Chapter 72), title "Revenue and Taxes," sub-title "Tax on
Gross Receipts of Certain Corporations," as the said section
was enacted by the Act of the General Assembly of 1896,
Chapter 120, Section 1, Code Section 164, be and the same
is hereby repealed and re-enacted with amendments, so as
to read as follows :

Section 164. A State tax or a franchise tax is hereby
levied annually upon the gross receipts of all railroad com-

State tax levied

panies whose roads are worked by steam power, incorporated
by or under the authority of this State or any other State,
Territory, District of Columbia or foreign county, and doing
business in this State, such Slate tax being as follows, to
wit: One and one-quarter per centum on the first $1,000 per
mile of gross earnings, or on the total earnings if they are
less than $1,000 per mile, and two per centum on all
gross earnings above $1,000 and up to $2,000 per mile;
and when the earnings exceed $2,000 per mile two
and one-half per centum oh all earnings above that
sum; a State tax, as a franchise tax of two and one-
half per centum upon the gross receipts or earnings of
every telegraph or cable, express or transportation, parlor
car, sleeping car, safe deposit and trust company, incorpo-
rated under any general or special law of this State, and
doing business therein; a State tax as a franchise tax of
two per centum is hereby levied annually upon the gross
receipts or earnings of all telephone and oil pipe line com-
panies, and all guarantee and fidelity companies, title insur-
ance companies incorporated under any general or special
law of this State, and doing business therein; and a State
tax as a franchise tax of one per centum upon the annual