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Session Laws, 1960
Volume 641, Page 9   View pdf image (33K)
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J. MILLARD TAWES, GOVERNOR 9

with the filing of said return pay in full the tax imposed under this
sub-title upon the value of such award or prize unless the value there-
of be tax exempt under the provisions of this subtitle, anything here-
inabove to the contrary notwithstanding.

SEC. 2. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the im-
mediate preservation of the public health and welfare, and having
been passed by a yea and nay vote, supported by three-fifths of all
the members elected to each of the two Houses of the General As-
sembly of Maryland, the same shall take effect from the date of its
passage and shall be applicable for all calendar years beginning after
December 31, 1959, and fiscal years beginning within the calendar
year 1960 and thereafter.

Approved March 1, 1960.

CHAPTER 5
(Senate Bill 19)

AN ACT to repeal and re-enact, with amendments, Section 1 of
Chapter 80 of the Acts of 1956, as amended by Chapter 39 of
the Acts of 1958, authorizing an increase in the rate of interest
of certificates heretofore unissued in respect to the General Pub-
lic School Construction Loan of 1956 from 3 1/2% to 4% per
annum; to repeal and re-enact, with amendments, Section 1 of
Chapter 532 of the Acts of 1957, authorizing an increase in the
rate of interest of certificates heretofore unissued in respect to
the General Construction Loan of 1957 from 3 1/2% to 4% per
annum; to repeal and re-enact, with amendments, Section 1 of
Chapter 741 of the Acts of 1957, as amended by Chapter 39 of
the Acts of 1958, authorizing an increase in the rate of interest
of certificates heretofore unissued in respect to the Sewage Treat-
ment Plant Loan of 1957 from 3 1/2% to 4% per annum; to repeal
and re-enact, with amendments, Section 1 of Chapter 16 of the
Acts of the Special Session of March 13, 1958, authorizing an
increase in the rate of interest of certificates heretofore unissued
in respect to the General Construction Loan of 1958 from 3 1/2%
to 4% per annum; and to repeal and re-enact, with amendments,
Section 1 of Chapter 804 of the Acts of 1959, authorizing an in-
crease in the rate of interest of certificates heretofore unissued
in respect to the General Construction Loan of 1959 from 3 1/2%
to 4% per annum.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 1 of Chapter 80 of the Acts of 1956, as amended by
Chapter 39 of the Acts of 1958, be and the same is hereby repealed
and re-enacted, with amendments, 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.


 

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Session Laws, 1960
Volume 641, Page 9   View pdf image (33K)
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