HERBERT R. O'CONOR, GOVERNOR. 841
SEC. 11½. And be it further enacted, That Section
27 (e) of Article 81 of the Annotated Code of Maryland
(1935 Supplement) be and the same is hereby repealed and
re-enacted with amendments so as to read as follows:
(e) Shares of stock of every domestic finance corpora-
tion and capital stock of every foreign finance corporation,
valued and assessed as provided in Section 16 of this
Article, shall pay the regular rate of taxation for State
purposes and one dollar ($1. 00) and no more on each one
hundred dollars of such valuation for county and/or city
taxation.
SEC. 12. And be it further enacted, That Section 28 (b)
of Article 81 of the Annotated Code of Maryland (1935
Supplement) be and the same is hereby repealed and re-
enacted with amendments so as to read as follows:
(b) Except taxes required to be levied upon assess-
ments made by the State Tax Commission, all ordinary
county and city taxes shall be levied for the same period
as now prescribed by local law, and all ordinary state,
county and city taxes shall be levied as of the same date
of finality as now prescribed by local law; provided (1)
that any county or city which under existing law levies
taxes for a taxable year other than the calendar year may
by resolution of the county commissioners, or by ordinance
or resolution of the legislative department of the city, elect
to adopt the calendar year as its taxable year, and there-
after all state and county taxes in each county so electing
and all city taxes in such city shall be levied for the calen-
dar year and as of the first day of January of such year
as the date of finality, and (2) that any county or city
changing from the levying of taxes for a taxable year other
than the calendar year to the levying of taxes for the cal-
endar year, as hereinabove authorized or as hereinafter
provided, may, in the discretion of the County Commis-
sioners or of the legislative department of such city, make
a fractional levy of county or city taxes for the period
intervening between the end of the last taxable year and
the beginning of the next calendar year, and if it elects
to make such fractional levy, such fractional levy may
either be collected separately or added to the levy for the
next succeeding calendar year, and all taxes levied sepa-
rately under this proviso for a fraction of the year shall
be levied as of a date of finality three months prior to the
beginning of such fractional period, and (3) that any
county or city which under existing law levies its taxes for
the calendar year, but as of a date of finality other than the
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