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Session Laws, 1951
Volume 603, Page 2082   View pdf image (33K)
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2076 JOINT RESOLUTIONS

earn a livelihood without removing their present homes and
avoid the serious economic dislocation which would result
from a heavy exodus of the present residents of this area; now
therefore be it

Resolved by the General Assembly of Maryland, That the
Office of Defense Mobilization be requested to give full con-
sideration to the splendid possibilities of the City of Cumber-
land as a place for establishing defense industries; and be it
further

Resolved, That the Secretary of State be directed to send
copies of this Resolution under the Great Seal of the State of
Maryland to the President of the United States, to Mr. Charles
E. Wilson, Director of the Office of Defense Mobilization and
to each member of the Maryland delegation in the Congress
of the United States.

Approved March 5, 1951.

No. 2
(Senate Joint Resolution 5)

Joint Resolution requesting the Congress to defeat the pro-
posal of the Secretary of the Treasury of the United States
to make the income from future issues of State and municipal
bonds subject to the Federal income tax.

WHEREAS, the unhampered power to raise money for govern-
mental purposes is a vital attribute and the essence of sover-
eignty; and

WHEREAS, the bonds of the several States and municipalities
have always been exempt from taxation by the Federal Govern-
ment in recognition of this principle; and

WHEREAS, the Secretary of the Treasury of the United States
has proposed to the Congress that the income from future
issues of State and municipal bonds be subject to the Federal
income tax, and the Congress now has under consideration
that proposal; and


EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.


 

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Session Laws, 1951
Volume 603, Page 2082   View pdf image (33K)
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