WM. PRESTON LANE, JR., GOVERNOR. 1905

WHEREAS, serious representations have been made that the
present tax on gross receipts is unfair, excessive, discrimina-
tory and economically unsound; and

WHEREAS,, it is desirable that a comprehensive study be
made of the whole subject of the taxation of gross receipts
of corporations as contained in Section 95 of Article 81 of
the Annotated Code of Maryland; therefore be it

Resolved by the General Assembly of Maryland, That the
Governor be and he is hereby requested to appoint a special
Commission of not less than five members to study the law
as contained in Section 95 of Article 81 of the Annotated
Code of Maryland imposing a tax on gross receipts of certain
corporations and the effect of such tax on said corporations,
and to submit the results of its study together with any pro-
posed legislation to make its recommendations effective to
the Legislative Council on or before October 1, 1949 and to
the Governor and General Assembly on or before February 6,
1950.

Approved April 22, 1949.

NO. 14

(Senate Joint Resolution 22)

Joint Resolution requesting the Governor to appoint a special
commission to study the laws imposing various taxes and
licenses.

WHEREAS, numerous bills were introduced at the 1949 Ses-
sion of the General Assembly to reduce certain taxes or
eliminate them altogether, among which were Senate Bill
45, to reduce the franchise tax on deposits of savings banks;
Senate Bill 46, to eliminate the gross receipts tax on safe
deposit and trust companies; Senate Bill 165, allowing gradu-
ate nurses deductions for certain expenses in computing in-
come tax; Senate Bill 194, reducing the income tax on in-
vestment income; Senate Bill 214, increasing the exemption
of farming implements; Senate Bill 215, granting a $2, 000.
exemption for stock in business; Senate Bill 217, authorizing
the inclusion of dividends in using the optional method of
computing the income tax; Senate Bill 302, allowing de-
duction in transactions entered into for profit; Senate Bill
311, relating to the calculation of the inheritance tax on the