MARVIN MANDEL, Governor

CHAPTER 375
(House Bill 920)

AN ACT to add new Section 68(k) to Article 2B of the Annotated
Code of Maryland (1968 Replacement Volume and 1968 Supple-
ment), title "Alcoholic Beverages", subtitle "Renewal of Licenses",
to follow immediately after Section 68(j) thereof; to provide that
in Prince George's County the time limits on renewal applicants
shall be not less than sixty (60) nor more than ninety (90) days
before the first day of May of each and every year.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 68 (k) be and it is hereby added to Article 2B of
the Annotated Code of Maryland (1968 Replacement Volume and
1968 Supplement), title "Alcoholic Beverages", subtitle "Renewal
of Licenses", to follow immediately after Section 68(j) thereof
and to be under the new subheading "Renewal Time and Procedures
in Prince George's County", and to read as follows:

68.

(k) In Prince George's County the time limits on renewal ap-
plicants shall be not less than sixty (60) nor more than ninety
(90) days before the first day of May of each and every year.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved April 23, 1969.

CHAPTER 376
(House Bill 921)

AN ACT to repeal and re-enact, with amendments, Sections 280 (c)
and 280A(c) of Article 81 of the Annotated Code of Maryland
(1968 Supplement), title "Revenue and Taxes," subtitle "Income
Tax," making subject to State income tax certain capital gains of
both individual and corporate taxpayers, removing from the Code
provisions which allow the amount of certain capital gains realized
from the sale, exchange or disposition of property to be subtracted
from federal adjusted gross income in arriving at the State tax-
able net income for individuals and corporations for all taxable
years ending after December 31, 1968.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 280(c) and 280A(c) of Article 81 of the Annotated
Code of Maryland (1968 Supplement), title "Revenue and Taxes,"
subtitle "Income Tax," be and they are hereby repealed and re-
enacted, with amendments, to read as follows:

280.

(c) There shall be subtracted from federal adjusted gross in-
come: (1) interest or dividends on obligations of the United States