1682 LAWS OF MARYLAND. [CH. 912

this Article, (2) charitable and benevolent institutions, (3)
building or homestead associations, (4) credit unions, and
(5) corporations having no capital stock, shall pay annually
for the use of the State, in addition to any other tax imposed
by law, a tax for its franchise to be a corporation at the
following rates:

f 10 on a capital of f 10, 000 or less, and, in addition, f5 for
each $5, 000, or fractional part thereof, of its capital in excess
of f 10, 000 and not in excess of f 50, 000.

$50 on a capital of f50, 000, and, in addition, $10 for each
$25, 000, or fractional part thereof, of its capital in excess
of $50, 000 and not in excess of f 100, 000.

$70 on a capital of f 100, 000, and, in addition, $15 for each
f200, 000, or fractional part thereof, of its capital in excess of
$100, 000 and not in excess of f 500, 000.

$100 on a capital of $500, 000, and, in addition, $20 for each
$500, 000, or fractional part thereof, of its capital in excess
of $500, 000 and not in excess of $10, 000, 000.

$480 on a capital of $10, 000, 000, and, in addition, $30 for
each $2, 000, 000, or fractional part thereof, of its capital in
excess of f 10, 000, 000.

(b) In the case of a railroad corporation incorporated under
the laws of this State and under the laws of one or more
other States, the annual tax for its franchise to be a corpo-
ration shall be based upon such proportion of its capital as
the all track mileage of such railroad within this State bears
to the all track mileage of such railroad within and without
this State.

(c) The word "capital" as used in this section means the
issued capital stock plus paid-in or capital surplus by what-
ever name called, as of the thirty-first day of December in
each year in the case of a corporation keeping its books on
a calendar year basis, and as of the last day of its fiscal year
in the case of a corporation keeping its books on the basis of
a fiscal year other than the calendar year.

(d) Every domestic corporation having no capital stock
or having no capital as of the preceding thirty-first day of
December or the last day of its preceding fiscal year, as the
case may be, and every domestic building or homestead asso-
ciation, charitable and benevolent institution and credit union,
shall pay annually for the use of the State, in addition to
any other tax imposed by law, a tax of $10 for its franchise
to be a corporation.

145. (a) Every domestic corporation subject to the annual
franchise tax imposed by Section 144 shall file with the De-
partment an annual franchise tax report which shall be in
such form, and be verified in such manner, and contain such