SPIRO T. AGNEW, Governor                        775

(h) In any case in which a leasehold or other limited interest
in real or tangible personal property is subjected to taxation under
subparagraphs (a), (b), (c), (d), and (e), no further tax shall be
collected or imposed on the interest of the landlord or owner of
the property subject to an interest taxed hereunder. Nothing herein
contained shall prevent the Department of Assessments and Taxa-
tion from collecting taxes due by a landlord, or other owner of prop-
erty, from tenants, bailees, custodians or other parties in possession
whose interests are not subject to taxation under this subsection.

(i) The tax imposed under subparagraphs (a), (b), (c), (d),
and (e) hereof shall be effective as of January 1, 1960. All assess-
ments which may have been made subsequent to January 1, 1960,
on interests which were not taxable prior to May 8, 1961, are hereby
ratified, confirmed and validated to the same extent as if made after
the passage hereof. Anything in this Code dealing with the time of
making assessments notwithstanding, the appropriate authorities
are hereby directed to make assessments on all interests subject to
taxation hereby which may not have previously been made, the
intention being that all interests made subject to tax by this sub-
section shall be assessed and taxed as of January 1, 1960, and there-
after, to the end that there shall be no discrimination whatsoever in
the retroactive application of the tax.

9.

(3) The property of any fraternal beneficiary association in-
corporated or licensed under Article 48A of the Code of Public
General Laws of this State, except real estate, chattels real and
office equipment, and shares of stock in domestic corporations [and
national banks] the taxes upon which are required by this article
to be paid by such corporation [for account of the shareholders.].

(14) Tangible personal property of any domestic corporation
having a capital stock divided into shares [or any national bank
located in this State], if the shares of stock of such corporation
are subject to taxation under the laws of this State [, or of any
foreign finance corporation doing business in this State, if the
capital stock of such corporation is subject to taxation under the
laws of this State].

(19) Personal property, tangible or intangible, of any savings
bank, savings institution or corporation organized for receiving
deposits of money and paying or crediting interest thereon, and
having no capital stock, except shares of stock in [any national
bank or in any corporation organized under the laws of the State
and liable to taxation hereunder.] a domestic corporation, subject
to assessment under this Article.

(41) Personal property of financial institutions.—Personal prop-
erty, tangible or intangible, of any commercial bank, safe deposit and
trust company, or finance corporation as defined in Section 2 (9) of
this Article. [Shares of stock in domestic finance corporations
which make loans exclusively to farmers for agricultural purposes
and the capital stock of foreign finance corporations which make
loans exclusively to farmers for agricultural purposes.]

(64) Personal property generally.—State taxation.—For the tax-
able year beginning July 1, 1968 and for all years thereafter, for