190                              LAWS OF MARYLAND                      [CH. 183

JURISDICTION BASED ON SAVINGS ACCOUNTS OR FREE
SHARES PURCHASED IN THE STATE OF MARYLAND, OR
ON BUSINESS DONE IN THE STATE OF MARYLAND.

(d) Within sixty days after the end of its calendar or fiscal
year, as the case may be, the bank or association, acting through
its president, treasurer, or other proper officer, shall report under
oath to the Comptroller of the Treasury its net earnings for that
next previous taxable period, and at the same time the bank or
association shall pay to the Comptroller of the Treasury the proper
amount of tax for that period as computed under this subtitle.

(c) The Comptroller shall apportion and credit twenty five per

centum (25%) of the payment from any bank or association to the

General Funds of the State.

(f) The Comptroller also shall apportion and pay over seventy-
five per centum (75%) of the payment from any bank or association
to one or more of the several counties or Baltimore City, as follows:

The total seventy-five per centum (75%) payment of any bank or
association shall be apportioned among the several branch offices,

if any, of the bank or association, ascribing to each branch office

a portion thereof calculated as its actual share of the total payment;

(E) FROM THE TAXES COLLECTED FROM ANY BANK
OR ASSOCIATION PURSUANT TO THE PROVISIONS OF THIS
SUBTITLE THE COMPTROLLER SHALL FIRST DEDUCT THE
COST OF THE ADMINISTRATION OF THIS SUBTITLE AND
CREDIT THE SAME TO THE GENERAL FUNDS OF THE
STATE. THE COMPTROLLER SHALL THEN APPORTION
AND PAY OVER THE REMAINDER OF THE TAXES COL-
LECTED FROM ANY BANK OR ASSOCIATION PURSUANT
TO THE PROVISIONS OF THIS SUBTITLE TO ONE OR MORE
OF THE SEVERAL COUNTIES OR BALTIMORE CITY, AS
FOLLOWS: THE NET REMAINDER OF THE TAX COLLECTED
FROM ANY BANK OR ASSOCIATION SHALL BE APPOR-
TIONED AMONG THE COUNTIES AND BALTIMORE CITY
ACCORDING TO THE RELATIVE AMOUNT OF DEPOSITS
AND/OR SHARE ACCOUNTS APPLICABLE TO EACH COUNTY
AND BALTIMORE CITY, IN ACCORDANCE WITH REGULA-
TIONS ADOPTED PURSUANT TO SUBSECTION (H) and the
county or Baltimore City in which the branch office is located shall
be paid that share of the total. If the bank or association has no
branch offices, the total payment shall be made to the county or
Baltimore City in which the one office of the bank or association
is located. All such payments shall be made to the Board of County
Commissioners or County Council of the county or to the Mayor
and City Council of Baltimore, to be credited in each instance to the
General Funds of the county or city.

(g) The failure or wilful failure of a bank or association to
file a return or report or to pay a tax or any portion of a tax, as
required or due under this subtitle, shall have the effect and be
subject to the procedures and penalties provided in Sections 320
and 322 and elsewhere in the subtitle "Income Tax" in Article 81
of this Code.

(h) The Comptroller from time to time may adopt and pro-
mulgate rules and regulations for the reporting and collection of