WM. PRESTON LANE, JR., GOVERNOR. 667
CHAPTER 268
(Senate Bill 369)

AN ACT to repeal and re-enact, with amendments, Section
256 of Article 81 of the Annotated Code of Maryland
(1939 Edition), title "Revenue and Taxes", sub-title
"Income Tax", providing for the filing of a final return
upon Discontinuance of Business.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 256 of the Annotated Code of Maryland
(1939 Edition), title "Revenue and Taxes", sub-title "In-
come Tax", be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

256. (DISCONTINUANCE OF BUSINESS. ) If any
corporation or partnership is dissolved, liquidated, or with-
draws, either voluntarily or involuntarily, from this State
during any taxable year, or if any corporation shall in any
manner surrender or lose its charter during any taxable
year, such dissolution, withdrawal or loss or surrender of
charter, or, in the case of a partnership, such dissolution
or liquidation, shall not defeat the filing of returns and the
assessment and collection of income taxes for such period
of such taxable year as such corporation or partnership
may have had an income taxable in this State. In any
such case, a return must be filed for such period within
sixty days after the dissolution, liquidation, or withdrawal
of such corporation or partnership.

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

Approved April 22, 1949.

CHAPTER 269

(Senate Bill 374)

AN ACT to authorize and empower the Commissioners of
Betterton to borrow upon the faith and credit of the
town a sum or sums of money not exceeding Thirty