624 LAWS OF MARYLAND. [CH. 226

(15) The phrase "residents of this State" shall include
domestic ordinary business corporations doing business in this
State, and domestic corporations having no capital stock, and
all domestic corporations (except ordinary business corpora-
tions not doing business in this State) whose shares of stock
are by law exempt from taxation under this Article or which
have no capital stock.

(16) The phrase "county and/or city taxes" shall include
taxes levied in or for any taxing district, or part of any
county or city, but not taxes levied in consideration of local
improvements upon property specially benefited thereby.

(17) A domestic corporation which is a resident of this
State shall be deemed a resident of the county and/or city in
which its principal office shall be situated.

(18) A foreign corporation doing business in this State
shall in respect to intangible property used in or in connec-
tion with its business in this State, including property held
in trust for a resident of this State, be deemed a resident of
the county and/or city in which its principal office in this
State is situated.

(19) Railroads worked by steam shall include any railroad
operated by steam on the 30th day of March, 1906, even
though such railroad has changed, or shall hereafter change its
motive power in whole or in part to electricity or other motive
power.

(20) The phrase "principal office" as applied to a domes-
tic corporation shall mean the office, if any, in this State from
which its business is actually directed and managed, or if
there be no such office, then the place in this State where the
principal business of the company in this State is transacted,
or if there be no such place, then the principal office named
in its charter or reported to the State Tax Commission as the
ease may be.

(21) The phrase "principal office in this State" as applied
to a foreign corporation shall mean the place at which the
principal business or operations of the company in this State
are actually carried on.

(22) The phrase "date of finality" shall mean the date as of
which taxes are to be levied for the taxable year in question and