2550

LAWS OF MARYLAND

Ch. 873

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 the filing
of [said] THIS final return and the payment in full of the
tax computed on the return as payable, such return shall be
considered as such declaration as herein otherwise provided
for 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)] $1,500 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)] $2,500 for the year; and, in either
event, unless at least [five hundred dollars ($500.00)] $500
of [said] THE 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.

(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
prize or award is [five hundred dollars ($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 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] THIS return pay
in full the tax imposed under this subtitle upon the value
of such award or prize unless the value thereof be tax
exempt under the provisions of this subtitle, anything
[hereinabove] IN THIS SUBSECTION to the contrary
notwithstanding.

SECTION 2. AND
shall take effect July

Approved May 29, 1978.

CHAPTER 874
(House Bill 373)
AN ACT concerning

BE IT FURTHER ENACTED, That this Act
1, 1978.