ALBERT C. RITCHIE, GOVERNOR. 815
been passed upon a yea and nay vote, supported by three-fifths-
of all the members elected to each of the two Houses of the
General Assembly, the same shall take effect from the date of
its passage.
Approved April 2, 1929.
CHAPTER 276.
AN ACT to repeal and re-enact, with amendments, paragraphs
(2) and (3) of Section 91 of Article 81 of the Code of Pub-
lie General Laws of Maryland, entitled "Revenue and
Taxes, " as said Article was enacted by an Act entitled "An
Act to recodify and revise the revenue and tax laws of Mary-
land, " passed at this present session of the General Assem-
bly, so as to provide for the limitation of the gross receipts
tax on safe deposit and/or trust companies and on title insur-
ance companies.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That paragraph (2) of sub-section (a) of Section
91 of Article 81 of the Code of Public General Laws of Mary-
land, entitled "Revenue and Taxes, " as said Article was en-
acted by an Act entitled "An Act to recodify and revise the
revenue and tax laws of Maryland, " passed at this present ses-
sion of the General Assembly of Maryland, be and it is hereby
repealed and re-enacted, with amendments, so as to read as fol-
lows:
(2) 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 (2½%); provided, however, that the
gross receipts tax payable in the year 1932 and in subsequent
years, by safe deposit and/or trust companies shall be computed
and paid at the rate of two and one-half per centum (2½%)
with respect only to their safe deposit and trust business, in-
cluding all receipts derived from the business of acting fiduci-
ary or representative capacity, and at the rate of two per cen-
tum (2%) on all recepits derived from the business of insur-
ance or guaranty (if any), without any deductions or credits
of any kind whatsoever.
SEC. 2. And be it further enacted, That paragraph (3) of
sub-section (a) of Section 91 of Article 81 of the Code of Pub-
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