606 LAWS OF MARYLAND. [CH. 302

ject to an excise tax at the rate of six per centum (6%) of
the net amount of such income received by them during the
fiscal year ending on the 30th day of June, 1935, and an-
nually thereafter for each fiscal year ending on the 30th day
of June, during which such income shall be so received.

Every beneficiary liable to the tax imposed by this Sec-
tion shall before October first of each year report the fact
of having received such income to the local assessing body
of his place of residence, which in Baltimore City is the
Bureau of Assessment, and in the respective counties of
the State is the Board of County Commissioners. It shall
be the duty of local assessing bodies to transmit promptly
the information so received to the State Tax Commission
which shall fix and determine the base upon which the
excise tax is imposable and assess the tax. The State Tax
Commission shall have power to require such beneficiary to
supply information as to the amount and sources of such
income and any other information relevant to the inquiry
and to take such action as to it seems just and proper, sub-
ject to the provisions of this Article respecting the right of
appeal to the courts.

The State Tax Commission shall certify the amount of
said tax to the local assessing body of the county or Balti-
more City where the beneficiary resides; and such local
assessing body shall certify the same to the collector of
taxes for such jurisdiction.

The entire amount of each tax assessed hereunder shall
be collectible by the collector of taxes of the appropriate
jurisdiction, and shall, when and as received by him, be dis-
tributed as follows: One-third part thereof to the State
and the remaining two-thirds part thereof to the county
or Baltimore City where the beneficiary resides, provided
that where the beneficiary resides in a city or town located
within a county, such two-thirds of the tax shall be equally
divided between such city or town and such county.

The tax hereby imposed shall be due and payable within
thirty days after mailing of the bill by the collector of the
appropriate jurisdiction, and if not then paid, shall bear
interest at the rate of one-half of one per centum per month.

141B. Where one or more of several co-trustees or other
fiduciaries holding intangible personal property of the
classes enumerated in Section 6, sub-divisions (3), (4)
and (5), of this Article, in trust for, or for the use of, a resi-
dent or residents of this State, are residents of this State
or domestic corporations and one or more of such trustees
or other fiduciaries are non-residents or foreign corpora-