HERBERT R. O'CONOR, GOVERNOR. 293
CHAPTER 223.
(Senate Bill 309)

AN ACT to repeal and re-enact, with amendments, Sub-
section (k) of Section 224 of Article 81 of the Anno-
tated Code of Maryland (1939 Edition), tittle "Revenue
and Taxes", sub-tittle "Income Tax", permitting certain
contributions or gifts by firms or corporations to be de-
ducted from taxable income.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Sub-section (k) of Section 224 of Article
81 of the Annotated Code of Maryland (1939 Edition),
title "Revenue and Taxes", sub-title "Income Tax", be
and it is hereby repealed and re-enacted, with amendments,
to read as follow:

224. (k) Contributions or gifts actually paid by indi-
viduals, firms or corporations within the taxable year to or
for the use of: (1) this State, its institutions, or any
political sub-division of the State, exclusively for public
purposes; (2) any corporation, or trust, or community
fund, or foundation, no part of the net income of which in-
ures to the benefit of any private shareholder or individ-
ual, but only if such contributions or gifts are dedicated
exclusively for religious, charitable, scientific, literary or
educational purposes; or (3) a fraternal society or organi-
zation, operating under the lodge system, but only if such
contributions or gifts are dedicated exclusively for relig-
ious, charitable, scientific, literary or educational purposes;
to an amount which, in all the above cases combined, does
not exceed fifteen per cent. (15%) of the taxpayers net
income as computed without the benefit of this sub-section.
Such contributions or gifts shall be allowable as deductions
only if verified under the rules and regulations prescribed
by the Comptroller.

SEC. 2. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate preservation of the public health and safety,
and being passed by a yea and nay vote, supported by
three-fifths of all the members elected to each of the two
Houses of the General Assembly, the same shall take effect
from the date of its passage.

Approved May 29, 1941.