HARRY W. NICE, GOVERNOR. 35

by imposed a bill for the amount of the special franchise
tax hereby imposed, and such tax shall be payable to the
Treasurer without interest at any time on or before the
fifteenth day of June, 1936, provided the bill is mailed on
or before May 15, 1936, and if the bill shall not be mailed
after the fifteenth day of May, 1936, the same shall be
payable without interest at any time within thirty days
after the mailing of such bill.

All special corporation franchise taxes imposed by this
section not paid on or before the fifteenth day of June,
1936, or within thirty days after the mailing of the bill as
above provided, shall thereafter bear interest at the rate
of one per centum (1%) for each month or fraction of a
month that the same shall remain unpaid; and if such
tax shall not be paid before the first day of December, 1936,
if on that date thirty days shall have elapsed since the ren-
dition of the bill, and if not, then at the expiration of such
thirty day period, a penalty of ten percentum (10%) on
the amount thereof shall be added.

SEC. 5. And be it further enacted, That a new section
be and the same is hereby added to Article 81 of the
Annotated Code of Maryland (1935 Supplement), title
"Revenue and Taxes, " sub-title "Franchise Tax on For-
eign Corporations, " said new section to be known as Sec-
tion 140A, to follow immediately after Section 140 of said
Article, and to read as follows:

140A. Every foreign corporation doing business or
exercising its franchises or maintaining an office in this
State on the first day of January 1936, except: (1) build-
ing and homestead associations, (2) insurance companies
of all classes, and (3) charitable, benevolent and fraternal
institutions and corporations, shall pay to the State Treas-
urer for the use of the State, (in addition to the franchise
tax imposed by Section 140 of this Article, and any other
tax imposed by law), a special franchise tax for the year
1936 upon the amount of capital employed by it in this
State on the first day of January, 1936, as determined by
the State Tax Commission, at the following rates, that is
to say:

(a) The sum of seventy-five dollars for every fifty
thousand dollars, or fractional part thereof, of capital em-
ployed by it in this State up to five hundred thousand dol-
lars, but in no case less than seventy-five dollars.