THEODORE R. MCKELDIN, GOVERNOR 249
Whereas, it is the belief of the General Assembly that fundamen-
tal concepts of fairness and equality require that the protesting tax-
payers be accorded the same tax treatment as those taxpayers who
have paid taxes upon stock in business without protest, to the end
that no undue advantage will accrue to the protesting taxpayers who
had not paid their taxes at the time of the filing and publication of
the Sears Roebuck decision on or about November 22, 1957; there-
fore : AND
WHEREAS, IT IS THE INTENT OF THE GENERAL ASSEM-
BLY OF MARYLAND TO EFFECTUATE THE POLICY OF THE
STATE TAX COMMISSION AND OF OTHER TAXING AUTHOR-
ITIES OF THIS STATE AS IT EXISTED PRIOR TO THE DE-
CISION IN THE SEARS CASE, THIS POLICY BEING TO ALLOW
FOR INFLATIONARY FACTORS IN THE ASSESSMENT OF
REAL ESTATE BUT NOT TO ALLOW FOR SUCH INFLATION-
ARY FACTORS IN THE ASSESSMENT OF PERSONAL PROP-
ERTY; NOW THEREFORE
Section 1. Be it enacted by the General Assembly of Maryland,
That, effective as of January 1, 1957, Section 5 6 of Article 81 of the
Annotated Code of Maryland (1951 1957 Ed.), title "Revenue and
Taxes'', sub-title "Classification of Taxes", be and the same is hereby
repealed and re-enacted, with amendments, to read as follows:
5. 6. The taxes imposed by this Article shall be divided into (1)
ordinary taxes, and (2) special taxes. Direct taxes imposed in respect
of real or personal property shall be ordinary taxes; provided, how-
ever, that real and personal property shall be separately classified,
and personal property separately sub-classified for assessment pur-
poses. Special taxes shall include:
(a) Tax on deposits of savings banks.
(b) Gross receipts tax.
(c) Tax on commissions of executors and administrators.
(d) Inheritance tax.
(e) Bonus tax on corporations.
(f) Tax on franchise to be a corporation.
(g) Franchise tax on foreign corporations,
(h) Income Tax.
Sec 2. And be it further enacted, That, effective as of January l,
1957, Section 13 14 of Article 81 of the Annotated Code of Maryland
(1957
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TION 14 BE AND THE
SAME IS HEREBY ENACTED IN LIEU THEREOF, TO STAND
IN THE PLACE OF THE SECTION SO REPEALED AND TO
READ AS FOLLOWS:
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