690                         LAWS OF MARYLAND.                  [CH. 261

ment to the Annotated Code of the Public General Laws of
Maryland, entitled "Revenue and Taxes, " sub-title "Fran-
chise Tax on Foreign Corporations, " be, and the same is hereby
repealed and re-enacted, with amendments, so as to read as
follows:

141. The State Tax Commission shall annually on or before
the first day of June ascertain the amount of capital employed
in this State by each foreign corporation and shall certify the
same, with the amount of franchise tax due thereon by the
corporation, to the Comptroller of the Treasury, who shall" at
once transmit a bill for said tax to the corporation; and such
tax shall be payable to the Treasurer without interest at any
time on or before August first of such year, provided the ac-
count is mailed on or before July first; and if the account shall
not be mailed until after July first, the same shall be payable
without interest, at any time within thirty clays after the mail
ing of the account. All franchise taxes on foreign corporations
not paid on or before August first, or within thirty days after
the mailing of the account, as above provided, shall thereafter
bear interest at the rate of one-half of one per cent, for each
month or fraction of a month; and if such tax shall not be paid
before the first day of December following a penalty of five
per cent, on the amount thereof shall be added. If the fran-
chise tax imposed on any foreign corporation shall not be paid
by the first day of December in the year for which such tax is
imposed, if on that date thirty days shall have elapsed since
the rendition of a bill for such taxes by the Comptroller of
the Treasury and, if not, then at the expiration of said thirty
days' period, any and all defaulting foreign corporations shall
forfeit the right to do business in this State until all taxes due
are paid, as well as any interest or charge thereon and in
addition be subject to the penalty prescribed by Section 121
of Article 23 of the Code of Public General Laws.

SEC. 2. And be it further enacted^ That this Act shall take
effect on June 1st, 1931. *

Approved April 17, 1931.

CHAPTER 261.

AN ACT to repeal and re-enact, with amendments, Section
95 of Article 81 of the 1929 Supplement to the Annotated
Code of the Public General Laws of Maryland, entitled