LAWS OF MARYLAND
Extraordinary Session of 1948

MARYLAND, Sct.:

At an Extraordinary Session of the General Assembly of
Maryland, begun and held in the City of Annapolis,
on the Twenty-fifth day of May, 1948, and ending
on the Twenty-seventh day of May, 1948, the Honor-
able Wm. Preston Lane, Jr. being Governor of the
State the following laws were enacted, to wit:

CHAPTER 1
(Senate Bill 1)

AN ACT to repeal sub-sections (c) and (d) of Section 230B
of Article 81 of the Annotated Code of Maryland (1947
Supplement), title "Revenue and Taxes", sub-title "Income
Tax", as said sub-sections were enacted by Chapter 295
of the Acts of 1947 and to enact in lieu thereof new sub-
sections (c) and (d) of Section 230B of Article 81 of the
Annotated Code of Maryland (1947 Supplement), relating
to the optional method of computation of the tax.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That sub-sections (c) and (d) of Section 230B of
Article 81 of the Annotated Code of Maryland (1947 Supple-
ment), title "Revenue and Taxes", sub-title "Income Tax", as
said sub-sections were enacted by Chapter 295 of the Acts
of 1947, be and the same are hereby repealed, and that new
sub-sections (c) and (d) of Section 230B of Article 81 of the
Annotated Code of Maryland (1947 Supplement), title
"Revenue and Taxes", sub-title "Income Tax", be and the
same are hereby enacted to read as follows:

230B. (c) In lieu of the regular method of computation
prescribed by this sub-title, and the payment of the tax im-
posed by Section 230 (c) of this sub-title, an individual re-
porting on a cash basis for any taxable year, beginning after
December 31, 1947, may elect to pay the tax as shown in the
following table, if his gross income for the taxable year is
Ten Thousand Dollars ($10,000.00) or less, and consists only
of one or more of the following: (1) Salary; (2) Wages; (3)
Compensation for personal services; or (4) Dividends, inter-
est and annuities not in excess of One Hundred Dollars
($100.00) in the aggregate.