1684 LAWS OF MARYLAND. [CH. 912

1461/2. If any domestic corporation required to file an
annual franchise tax report should fail to do so on or before
the date fixed for the filing of such report, the Department
is authorized to make an estimate of the capital of such cor-
poration, as defined in Section 144 (c), and of the amount of
the annual franchise tax due, from any information in its
possession and to assess the annual franchise tax at not more
than twice the amount estimated to be due. Notice of such
assessment shall be mailed to such corporation addressed to
its mailing address, if it has a mailing address on file with
the Department, or, if it has not a mailing address on file
with the Department, addressed to it at any other address for
such corporation as may appear upon the records of the De-
partment, In the event the annual franchise tax report shall
not be filed within fifteen days after the mailing of such notice
of assessment, the said assessment shall become final and the
amount of the franchise tax due thereon, including penalties
and interest, shall be collected as other State taxes are col-
lected.

SEC. 9. And be it further enacted,, That Section 147 of Arti-
cle 81 of the Annotated Code of Maryland (1939 Edition),
title "Revenue and Taxes", sub-title "Tax on Franchise To Be
A Corporation", be and the same is hereby repealed and re-
enacted, with amendments, to read as follows:

147. All monies received by the Department in payment of
annual franchise taxes or interest or penalties thereon shall
be forthwith paid over to the Treasurer, and the Department
shall account monthly to the Comptroller for the same. One
half of the said franchise taxes, together with the interest and
penalty, if any, shall be held by the Treasurer for the use of
the State, and the other half shall be paid by him to the
county or City of Baltimore where the principal office of said
corporation shall be situated, but if such principal office be
situated in a city, other than the City of Baltimore, said last
mentioned one-half shall be equally divided between such city
and the county in which the same is situated.

SEC. 10. And be it further enacted, That the sub-title "Fran-
chise Tax on Foreign Corporations", and Sections 148 and 149
of Article 81 of the Annotated Code of Maryland (1939 Edi-
tion), title "Revenue and Taxes", be and the same are hereby
repealed, and a new sub-title and a new section be and the
same are hereby enacted in lien thereof, said new sub-title to
follow immediately after Section 147 of said Article and to
read "Filing Fee To Be Paid By Foreign Corporations", and
said new section to follow immediately after said new sub-
title, to be known as Section 148, and to read as follows: