960 LAWS OF MARYLAND. [CH. 795

Comptroller, shall deduct from the tax so calculated the
credit given by this section, and, in the manner and at the
times provided in this sub-title, shall file said return and
pay as the total tax due by the taxpayer, the amount of
the tax as originally calculated, which shall remain after
the deduction herein authorized. The State Comptroller is
hereby directed, in preparing forms for use of taxpayers
in filing income tax returns on 1946 income, to make pro-
vision in said forms to take care of any tax credits on
1946 income which the General Assembly at its 1947
Session may authorize.

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

Approved April 27, 1945.

CHAPTER 795.

(Senate Bill 41)

AN ACT to repeal and re-enact, with amendments. Section
230 of Article 81 of the Annotated Code of Maryland (1943
Supplement), title "Revenue and Taxes", sub-title "Income
Tax", relating to the imposition of tax.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 230 of Article 81 of the Annotated Code of
Maryland (1943 Supplement), title. "Revenue and Taxes", sub-
title "Income Tax", be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

230. (Imposition of Tax. ) (a) There is hereby annually
levied and imposed for each taxable year a tax on the net
income of every resident individual of this State and on the
net income, taxable in this State, of every individual not a
resident of this State. Such tax shall be at the rate of 5%
on the amount of the taxable net income up to but not ex-
ceeding the amount of the investment income, and at the rate
of 2% on the balance, if any, of the taxable net income.

(b) There is hereby annually levied and imposed for each
taxable year a tax on the net income of every corporation
(domestic or foreign) at the rate of one and one-half per