THEODORE R. MCKELDIN, GOVERNOR                     13

SEC. 10. And be it further enacted. That all matters committed
by this section to the discretion of the Board of Public Works shall
be determined by a majority of said Board.

SEC. 11. And be it further enacted, That moneys derived from
the sale of Certificates of Indebtedness authorized by this Act shall
be used only for capital improvements and for no other purpose. In
determining whether an expenditure represents a capital improve-
ment the Board of Public Works shall be guided by the principle that
a capital improvement is an improvement, the useful life of which
shall be at least equal to the life of the bonds or Certificates of
Indebtedness by which it is financed.

SEC. 12. And be it further enacted. That this Act shall take
effect June 1,1958.

Approved April 4, 1958—11.30 a.m.

CHAPTER 6
(Senate Bill 6)

AN ACT to add two new sub-sections to Section 288 of Article 81
of the Annotated Code of Maryland (1957 Edition), title "Revenue
and Taxes", sub-title "Income Tax", one of said new sub-sections
to be known as Sub-section (c-1) and to follow immediately after
Sub-section (c) thereof and the other of said new sub-sections to
be known as Sub-section (j) and to follow immediately after Sub-
section (i) thereof; to add two new sub-sections to Section 289 of
said Article and sub-title, to be known as Sub-sections (f-1) and
(f-2) and to follow immediately after Sub-section (f) thereof; and
to repeal and re-enact, with amendments, Sub-section (g) of Sec-
tion 289 of said Article and sub-title, providing for an increase of
the tax on ordinary income of individuals and the first $500.00 of
net investment income of individuals; relating to apportionment
of tax of individuals where the taxpayer's taxable year is a fiscal
year, and providing optional methods of computation for indi-
vidual taxpayers.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That two new sub-sections be and they are hereby added to Section
288 of Article 81 of the Annotated Code of Maryland (1957 Edition),
title "Revenue and Taxes", sub-title "Income Tax", one of said sub-
sections to be known as Sub-section (c-1) and to follow immediately
after Sub-section (c) thereof and the other of said sub-sections to be
known as Sub-section (j) and to follow immediately after Sub-sec-
tion (i) thereof and both to read as follows:

EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.