HARRY HUGHES, Governor

2675

WIDEST POINTS, and cultch consisting of shells, stones, gravel,
and slag. In ascertaining this percentage the Department shall
select by random sample an amount of oysters from any pile, hold,
bin, house, or place as deemed proper and require it to be culled
and disposed of, as provided by this section. All small oysters
and cultch that adhere to marketable oysters shall be separated,
and the marketable oysters shall be excluded from any measurement
of small oysters and cultch. However, a person may possess
marketable oysters that have undersized oysters or spat less than
1 inch in length from hinge to bill IN DISTANCE BETWEEN THEIR
LONGEST OR WIDEST POINTS attached to them that cannot be
separated without destroying the small oyster.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.

Approved May 28, 1985.

CHAPTER 534

(Senate Bill 368)

AN ACT concerning

Income Tax - Subchapter "S" Corporations

FOR the purpose of providing that certain small business

corporations are liable for a certain tax if, on a certain
day, the corporation has any shareholders who are not
Maryland residents, providing that the liability for a
certain tax imposed on certain small business corporations
shall be based on a certain percentage; providing that a
certain tax paid by certain small business corporations
shall be deemed paid on a pro rata basis by the shareholders
of the corporation, correcting an incorrect reference, and
providing that this Act applies for certain taxable years.

FOR the purpose of requiring that certain "S" corporations
withhold and pay over to the Comptroller certain taxes of
nonresident shareholders; providing for the rate of tax and
basis for the tax to be withheld; providing for the time in
which payment is to be made; providing that the taxes so
withheld shall constitute payment on account of income taxes
levied and imposed; providing for liability for failure to
withhold; providing that certain taxes paid by "S"
corporations be deemed paid on a pro rata basis by the
shareholders of the corporation; and generally relating to a
modification addition for certain tax credits.

BY repealing and reenacting, with amendments,