Theodore R. McKeldin, Governor                    431

Baltimore) an amount equal to the percentage of investment income
and the percentage of other income, subject to tax under this sub-
title, of the individual residents of said county, hereinafter specified.
The amount to be distributed hereunder with respect to taxable
income of the calendar year 1951 and thereafter, and of fiscal years
ending in the calendar year 1951 and thereafter, shall be equal to
1.70% of all income taxable at the investment income rate, and .68%
of all other income. Provided, however, that where the taxed income
is that of a resident of an incorporated municipality of any county,
the amount to be so paid over and distributed by the Comptroller
hereunder, attributable to such taxpayer, shall be equally divided
between and paid over to the said incorporated municipality, and
said county, in equal shares. For the purposes of this section, the
special taxing areas in Montgomery County, in existence on January
1, 1953, corresponding to incorporated municipalities shall be treated
as incorporated municipalities; and for the purposes of this section
the special taxing areas in Allegany County in existence on January
1. 1953, shall be treated as incorporated municipalities. Beginning
with the income taxes payable for the calendar year 1953, if the
taxpayer's year is a calendar year, and for the fiscal year beginning
in 1953 and ending in 1954, if the taxpayer's year is a fiscal year,
and continuing thereafter, no such distribution shall be made to any
county or municipality unless it shall have levied, or there be levied
for it, in its current fiscal year, taxes sufficient to collect a minimum
of one dollar per capita of revenue and unless it shall have certified
a copy of said levy to the State Comptroller; and provided further,
that any moneys, otherwise distributable under the provisions of
this section, which shall not be distributed at the close of the fiscal
year of said county or municipality because of failure of said county
or municipality to make such levy and certification, shall revert to
the general fund of the State Treasury. Per capita revenue shall be
computed for purposes of this section by using the population figures
furnished by the latest federal census or by an official local census,
whichever is latest.

(b)  Every individual resident of Maryland making an income tax
return under this sub-title shall be required to state on the tax
return form furnished by the Comptroller the name of the county
and the name of the incorporated municipality in which he resides.

(c)  The remainder of the taxes collected shall be paid into the
general treasury of the State and distributed therefrom, in the
manner and for the purposes set forth in the budget.

(d)  Beginning with the fiscal year ending June 30, 1957, and
thereafter, the amount to be distributed hereunder shall be paid
from income taxes collected during such fiscal year and such dis-
tribution shall be computed on the taxable income of individuals in
returns filed by them during such fiscal year and on which the tax
due has been paid.

(e)  The Comptroller is directed to maintain sufficient reserves
at the close of each fiscal year for the payment of the political sub-
divisions' share of income taxes collected on tax returns filed by
individuals by the close of the fiscal year and the payment of refunds
due the taxpayers.

(f)  The Comptroller is directed to maintain no reserves at the
close of the fiscal year from withholding receipts or estimated tax