J. MILLARD TAWES, Governor                     1267

land estate tax" shall be equal to the extent, if any, of the excess
of the "credit" over the aggregate of "State taxes" [, payable] paid
by or out of the "Maryland estate" of the "decedent" or any part
thereof, provided, however, that such "Maryland estate tax" hereby
imposed shall in no case exceed the extent to which its payment will
effect a saving or diminution in the amount of the "federal estate
tax" [,] payable by or out of the "Maryland estate" of the "decedent"
had this article not been enacted.

3.

The "Maryland estate tax" shall be payable [at the same time or
times at which the "federal estate tax" is payable, and shall bear
interest, if any, at the same rate and for the same period as such
"federal estate tax."] fifteen months after date of death of the
"decedent" and shall bear interest thereon at the rate of 6% per
annum from the due date to the date of payment. This rate may be
reduced to agree with a reduced federal interest rate in the discretion
of the Comptroller. THIS RATE SHALL BE REDUCED TO
AGREE WITH A REDUCED FEDERAL INTEREST RATE.

4.

The "Maryland estate tax" and interest due thereon shall be a
charge upon the entire "Maryland estate" of the "decedent"; and
the "executor" shall pay the same to the Comptroller of the State
of Maryland in such amount as is [certified to said Comptroller by
the register of wills of the city or county in which administration is
had, or if none such, where the "decedent" had his residence, and
shall file with such register an affidavit showing:

(1)    The amount of the "federal estate tax" before allowing the
maximum credit for taxes of any of the kinds as provided in said
Section 301 (b) of said "Revenue Act of 1926";

(2)    The proportion of "nontaxable property" to the entire "es-
tate," as referred to in Section 1 (h) of this article;

(3)    The amount of "State taxes";

(4)    The amount of any additional taxes allowable in computing
the "federal estate tax" of the "decedent";

(5)    The amount of the "Maryland estate tax";

(6)    The amount of interest, if any, paid on such "federal estate
tax," and the period covered by such interest, together with the
amounts, if any, of any of said items theretofore paid.

The several registers of wills in this State shall certify to the
Comptroller the amount due in each case, who] calculated on return
forms prescribed by the Comptroller, such returns being subject to
audit and correction by the Comptroller. The return shall be sub-
mitted in duplicate to the register of wills who shall certify to the
Comptroller the amount of inheritance tax paid in each case.

The Comptroller shall forthwith pay over to the State Treasurer
all moneys received; provided, however, that the said Comptroller
shall retain in his hands at all time [,] such a sum as, in his judg-
ment, shall be sufficient to enable him to pay promptly all claims for
refunds as provided for in Sections 5 and 10 of this article.