922                               LAWS OF MARYLAND                        [CH. 563

sub-title "What Shall Be Taxed and Where", and to enact in lieu
thereof a new Section 8(15), to stand in the place and stead of
the section so repealed; to repeal Section 29 (h) of said Article,
sub-title "Rate of Tax;" to repeal Section 127 of said Article, sub-
title "Gross Receipts Tax", and to enact in lieu thereof a new
Section 127, to stand in the place and stead of the section so
repealed; revising certain provisions printed in the 1951 Code
and purportedly applicable to the gross receipts tax by reason of
amendments contained in Chapter 965 of 1945 and Chapter 677
of 1947, which Acts never became effective because of the non-
occurence of certain contingencies contained therein.

WHEREAS, Chapter 965 of the Acts of 1945 and Chapter 677 of the
Acts of 1947 were passed to amend the tax laws of this State with
particular reference to the gross receipts tax; and

WHEREAS, in Section 9 of Chapter 965 of 1945 and in Section 8
of Chapter 677 of the Acts of 1947, there were certain contingencies
provided, with the further provision that the said acts should not
become effective unless these contingencies occurred; and

WHEREAS, neither of the contingencies occurred, so that as a mat-
ter of fact neither the Act of 1945 nor the Act of 1947 became
effective, thereby making it desirable to have the provisions of the
Code conform to the actual facts and to read as originally provided
by Chapter 488 of the Acts of 1943; now therefore

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 8 (15) of Article 81 of the Annotated Code of Mary-
land (1951 Edition), title "Revenue and Taxes", sub-title "What
Shall Be Taxed and Where", be and it is hereby repealed and that
a new Section 8 (15) be and it is hereby enacted in lieu thereof,
to stand in the place and stead of section so repealed and that Section
127 of said Article, sub-title "Gross Receipts Tax", be and it is
hereby repealed and that a new Section 127 be and it is hereby
enacted in lieu thereof, to stand in the place and stead of the section
so repealed, and to read as follows:

8.

(15). Shares of stock in railroad, express or transporation, parlor
car and sleeping car companies which are subject to taxation under
Section 128 upon their operating revenues within this State; and
(from State taxes only) the operating property of such companies
when the revenues therefrom within this State are subject to taxa-
tion under Section 128.

127. The phrases "gross receipts",, "total receipts", "gross earn-
ings", "total earnings" and "all earnings", as used in Sections 128
to 182, inclusive, mean in the case of railroads and other public
service corporations, the operating revenues thereof, without any
deductions or credits of any kind whatsoever. When any public serv-
ice corporation is engaged in more than one class of business and
one or more classes thereof is business not subject to the gross re-
ceipts tax or subject thereto at different rates, the operating revenues
of the class or classes of business subject to such tax at different
rates shall be reported separately and taxed at the rate or rates
applicable to such class or classes of business. This section shall not