ALBERT C. RITCHIE, GOVERNOR. 163

thereto 5y%% of so much of such gross receipts for such
years as shall be in excess of $1, 000, 000 and that for the
purpose of determining said tax, said Corporation, its les-
sees, its successors and assigns and any purchaser thereof
shall make the appropriate reports and be subject to the
appropriate penalties provided with respect to franchise
taxes measured by gross receipts in Article 81 of the Code
of Public General Laws of Maryland (1929 Supplement),,
and of said tax 1/2% of such gross receipts as above speci-
fied shall be payable to the Treasurer of the State and the
remainder thereof shall be payable to the Treasurer of
Charles County and it shall be the duty of the State Tax
Commission, when it has ascertained and fixed the amount
of such tax to certify to the Comptroller of the Treasury
and to the Treasurer of Charles County and to the George
Washington Memorial Bridge Public Corporation, the
amount of such tax due the State of Maryland and the said
Charles County, and thereupon said tax shall be collectible
by the Treasurer of the State of Maryland and by the Treas-
urer of Charles County as other county and state taxes due
from corporations are collected..

Provided, however, that the franchise tax herein made
payable to the State of Maryland and to Charles County
shall not be levied or assessed upon the tolls and revenues
of said bridge derived between the commencement of opera-
tion thereof and fifteen years after the first day of Janu-
ary next following such commencement of operation.

Said franchise tax shall be in lieu of all taxes which might
otherwise be levied by this State, or by any county, munici-
pality or other taxing authority therein, upon said bridge
and appurtenant structures, upon its fills, approaches and
rights of way, upon the tolls and revenue thereof, or upon
the franchises for the construction and operation of said
bridge, and shall also be in lieu of all such other taxes upon
said Corporation, its successors or assigns, or upon the
holders of the capital stock of said Corporation, its suc-
cessors or assigns, based upon the ownership by said Cor-
poration, its successors or assigns, or said bridge and its
appurtenances, or based upon the receipt by said Corpora-
tion, its successors or assigns, of all the tolls and revenues
thereof, it being hereby declared that said property in the
hands of said Corporation, its successors and assigns, and
the holders of said stock, shall be forever free and exempt
from all of said taxes. The exemption herein provided shall
not be extended, however, directly or indirectly, so as to in-
clude any real or personal property otherwise subject to