BLAIR LEE III, Acting Governor                        2333

dates specified hereinbefore in this subsection. In lieu of
filing a declaration of estimated tax or an amendment
thereto on January 15 as specified [hereinabove] in this
subsection, the individual, at his option, may file, on or
before January 31, his final income tax return for the year,
at which time any tax remaining unpaid shall be paid in full
[and upon]. UPON the filing of [said] THIS final return and
the payment in full of the tax computed on the return as
payable, [such] THE return shall be considered as [such] THE
declaration as [herein otherwise] provided for IN THIS
SUBSECTION or as an amendment of a previously filed
declaration covering the same taxable year. [Provided,
however, that nothing in this subsection shall apply unless
the estimated gross income of the individual, if single,
exceeds one thousand five hundred dollars ($1,500.00) for
the year, or unless the gross estimated income for a husband
and wife living together exceeds two thousand five hundred
dollars ($2,500.00) for the year; and, in either event,
unless at least five hundred dollars ($500-00) of said
income is not subject to withholding provisions as elsewhere
in this section provided.] Except as specifically provided
elsewhere in this subsection, every individual covered by
the provisions of this subsection shall be subject generally
to the provisions and penalties of the remainder of this
section. THIS SUBSECTION DOES NOT APPLY UNLESS THE TAX
LIABILITY ON ESTIMATED GROSS INCOME NOT SUBJECT TO THE
WITHHOLDING PROVISIONS OF THIS SECTION EXCEEDS:

(I)    $400 $100, IN THE CASE OF AN
INDIVIDUAL TAXPAYER; OR

(II)   $650 $100, IN THE CASE OF A HUSBAND
AND WIFE LIVING TOGETHER.

(2) Every individual receiving income in the
form of an award, prize, lottery or raffle (whether the same
be paid in cash or property) as a result of participating in
an amusement, educational, or advertising program, or any
game of chance, or in the operation of any known gambling
device or machine, where the amount of [such] THE prize or
award is [five hundred ($500.00) ] $500 or more and is paid
in full at the time of the award, drawing or completion of
the contest or event shall within [sixty (60) ] 60 days from
the receipt of [such] THE award or prize file an estimated
return with respect thereto, or an amended estimated return
if an estimated return has previously been filed, and shall
with the filing of [said] THE return pay in full the tax
imposed under this subtitle upon the value of [such] THE
award or prize unless the value [thereof be] OF THE AWARD OR
PRIZE IS tax exempt under the provisions of this subtitle,
anything [hereinabove] IN THIS PARAGRAPH to the contrary
notwithstanding.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 29, 1978.