HERBERT R. O'CONOR, GOVERNOR. 1677

as Section 141, providing for the levy of a bonus tax to be
paid by certain corporations at or before the time of their
incorporation; to repeal and re-enact, with amendments,
Sections 142 and 143 of said Article 81, sub-title "Bonus
Tax"; to repeal Sections 144, 145 and 146 of said Article 81,
sub-title "Tax on Franchise To Be A Corporation", and
enact in lieu thereof four new sections to follow immediately
after said sub-title and to be known as Sections 144, 145,
146 and 146%, providing for the levy on and collection from
certain corporations of an annual tax on their franchise to
be a corporation, and the filing of annual reports; to repeal
and re-enact, with amendments, Section 147 of said Article
81, sub-title "Tax on Franchise To Be A Corporation"; to
repeal the sub-title "Franchise Tax on Foreign Corpora-
tions" and Sections 148 and 149 of said Article 81 and enact
in lieu thereof a new sub-title and a new section, said new
sub-title to follow immediately after Section 147 of said
Article 81 and to read "Filing Fee To Be Paid By Foreign
Corporations", and said new section to follow immediately
after said new sub-title and to be known as Section 148, pro-
viding for the payment of an annual filing fee by certain
corporations; to repeal and re-enact, with amendments, Sec-
tions 152(a), 152(c), 152(d) and 153(c) of said Article 81,
sub-title "Forfeiture of Corporate Charters For Non-Pay-
ment of Taxes"; to add a new section to said Article 81 to
follow immediately after Section 152 of said Article and to
be known as Section 152%, providing penalties for persons
transacting business in the name of a corporation whose
charter has been forfeited and not been revived; to add a
new sub-title to said Article 81 to follow immediately after
Section 186 of said Article and to read "Annual Reports To
Be Filed With Department"; to repeal and re-enact, with
amendments, Sections 187, 188 and 189 of said Article 81.
sub-title "Department of Revenue and Taxes"; to add a
new section to Article 81 of said Code, title "Revenue and
Taxes", sub-title "Income Tax", said new section to follow
immediately after Section 223(k) of said Article and to be
known as Section 223(1), providing for the exclusion of cer-
tain dividends and interest from gross income of corpora-
tions; to add a new section to said Article 81, sub-title "In-
come Tax" to follow immediately after Section 232 and to
l>e known as Section 232%, providing for the allowance to
domestic corporations of a credit against income tax for a
portion of the annual franchise tax paid by them; to repeal
and re-enact, with amendments, Section 253(b) of said
Article 81, sub-title "Income Tax"; and to repeal incon-
sistent laws.