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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 244   View pdf image (33K)
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70 JOURNAL OF PROCEEDINGS [March 9

ending June 30, 1962, in the amount of One Million Dollars ($1, 000, 000. 00)
to be used in the discretion of the Board of Public Works for relief re-
quired because of or for the repair of damage resulting from natural
disaster; and relating generally to this appropriation and to the con-
ditions of its expenditure. "

Approved by* the Rules Committee and referred to the Committee on
Ways and Means.

House Bill No. 33—By Messrs. Caldwell, Cannon, Hanna, White, E. H.,
Acker, Barbee, Bennett, Bittner, Blades, Boyer, Brooks, Burkley,
Butler, Cohill, Combs, Corkran, Dowell, Eaton, Fowler, Geiger, Hance,
Harris, Harrison, Hickman, Joiner, Latham, Long, Lowe, Mackie,
Mason, Matthews, Merryweather, Mitchell, Moore, Pilchard, Polk,
Quinn, Risley, Savage and Wise:

A Bill entitled "An Act to add new Article 78C to the Annotated
Code of Maryland (1957 Edition), to follow immediately after Article 78B
thereof and to be entitled 'Maryland Harness Racing Commission', to
establish a Maryland Harness Racing Commission to have jurisdiction
over trotting and pacing racing in the State, to authorize licensing of
harness racing tracks, and to provide for the regulation of harness
racing in this State. "

Approved by the Rules Committee and referred to the Committee on
Ways and Means.

House Resolution No. 2—By Mr. Boone:

House Resolution to memorialize the President and Congress of the
United States to oppose any amendment of the Constitution of the
United States or any other action of the Congress, or the Executive
Branch thereof which would subject income from State and local
bonds to a federal tax or cause the tax to be increased in any manner.

WHEREAS, the State of Maryland and the political sub-divisions there-
of have in the past and are now currently engaged in financing, through
the issuance of bonds, needed public improvements such as the building of
schools, highways, water and sewer distribution systems and other projects
for the promotion of the health, safety, and welfare of the people; and

WHEREAS, the interest income which the owner derives from such
bonds has in the past and is now currently exempt from the imposition
of any federal income tax; and

WHEREAS, the federal taxation of the interest of such bonds, as in-
come, would result in the curtailment of construction of needed public
improvements, and would result in either an increase of taxes imposed
by the State of Maryland and any political sub-division thereof in order
to pay higher interest costs, or the assumption by the federal government
of the responsibility of financing such improvements; and

• WHEREAS, there is currently a national movement to permit the im-
position of the federal income tax on the interest income from the bonds
issued or to be issued by the several states and their political sub-
divisions; now, therefore, be it

Resolved by the House of Delegates of Maryland, That we respectfully
memorialize the President and the Congress of the United States to oppose
any amendment of the Constitution of the United States, or any other


 

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Session Laws, 1962 (Special Session 1), House and Senate Journals
Volume 649, Page 244   View pdf image (33K)
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  << PREVIOUS  NEXT >>


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