1324                           LAWS OF MARYLAND                        CH. 656

any other state or subdivision of any other state, or the District of
Columbia [; and (2) Increased by the amount of any refunds of
income taxes paid to the State of Maryland, any other state, the
District of Columbia, and any political subdivision of the State of
Maryland and of any other state].

283.

(a) The county council or board of county commissioners of any
county and the Mayor and City Council of Baltimore, by ordinance
or resolution enacted pursuant to their ordinary and regular legis-
lative procedure, may adopt, by reference, a local income tax im-
posed upon the residents of any county or Baltimore City as a per-
centage of the liability of such resident for State income tax. Any
income tax so adopted may not be more than fifty (50) per cent
of the State income tax liability of such resident, and any such
tax imposed, and any increase or decrease in any tax so imposed,
shall be in increments of five (5) per cent.

For the purpose of this subsection, "Resident of any county or
Baltimore City" means an individual resident of Maryland as de-
fined by Section 279 (i) of this Article who is domiciled in or main-
tained his principal residence or place of abode in Baltimore City
or any county of this State as of the last day of a particular taxable
period. IN THE CASE OF A FIDUCIARY—"RESIDENT OF
ANY COUNTY OR BALTIMORE CITY" INCLUDES A TRUS-
TEE HAVING A SITUS IN BALTIMORE CITY OR ANY
COUNTY OF THIS STATE FROM WHICH THE FIDUCIARY
ESTATE IS PRINCIPALLY ADMINISTERED, MANAGED,
OR DIRECTED.

313.

[(a) In computing the tax of a person who is a beneficiary
of a fiduciary estate there shall be included in the income and allow-
able deductions, respectively, of such person, that proportion of the
income and allowable deductions, respectively, of the fiduciary estate
for the annual accounting period of the fiduciary estate ending with
or in the taxable year of such person, that part of the net income
of the fiduciary estate for such annual accounting period which is
paid, distributed or credited to or for the benefit of such person in
such annual accounting period, bears to the total net income of the
fiduciary estate for such annual accounting period.]

316.

[The net income of a corporation (domestic or foreign) shall be
allocated in the following manner:

(a) Income from ground rents, rents and royalties and other
income from real estate or tangible personal property permanently
located in this State (less related expenses) shall be allocated to
this State; and such income from real estate or tangible personal
property permanently located outside this State (less related ex-
penses) , shall be allocated outside this State.

(B) CAPITAL GAINS AND LOSSES—1. CAPITAL GAINS
AND LOSSES FROM SALES OF REAL PROPERTY LOCATED
IN THIS STATE ARE ALLOCABLE TO THIS STATE. 2. CAPI-