J. MILLARD TAWES, Governor                     1769

REGULATIONS OF THIS STATE, AND IN ADDITION TO THE
PROVISIONS FOR COLLECTION OF ONE-HALF YEAR TAXES
AS PROVIDED IN SUBSECTION (B), MONTGOMERY COUNTY
OR ANY INCORPORATED CITY OR TOWN BY RESOLUTION
OF THE CITY COUNCIL OR ORDINANCE OR RESOLUTION
OF THE GOVERNING BODY OF THE INCORPORATED CITY
OR TOWN, AS THE CASE MAY BE, MAY PROVIDE FOR
THREE-QUARTER YEAR TAXES ON ANY REAL PROPERTY
COMPLETED DURING THE PERIOD AFTER JULY 1 IN ANY
YEAR AND THROUGH SEPTEMBER 30, OR OTHERWISE
FIRST ADDED TO THE TAX ROLLS DURING SUCH PERIOD,
FOR THE PAYMENT OF PROPERTY TAXES FOR THE NINE
MONTHS BEGINNING ON OCTOBER 1 AND ENDING ON THE
NEXT SUCCEEDING JUNE 30. THE TAXES FOR THESE NINE
MONTHS SHALL BE COMPUTED BY USING THE ASSESSED
VALUATION OF THE PROPERTY AT THREE-FOURTHS THE
CURRENT ANNUAL TAX RATE FOR MONTGOMERY COUNTY
OR ANY INCORPORATED CITY OR TOWN, AS THE CASE
MAY BE, AND TAXES IMPOSED FOR THESE NINE MONTHS
SHALL BE DUE AND PAYABLE AS OF THE SPECIFIED DAY
OF OCTOBER 1, OR AS OF THE DAY A TAX BILL THEREFOR
WAS OR REASONABLY SHOULD HAVE BEEN RECEIVED OR
AVAILABLE, WHICHEVER IS THE LATER DATE. NO IN-
TEREST OR PENALTIES MAY BE CHARGED OR COLLECTED
ON ANY TAXES COVERED BY THIS SUBSECTION UNTIL
AT LEAST 30 DAYS AFTER THE BILL FOR THE TAXES HAS
BEEN MAILED OR MADE AVAILABLE. FROM AND AFTER
JANUARY 1, ALL SUCH ORDINARY MONTGOMERY COUNTY,
CITY, OR TOWN TAXES, AS THE CASE MAY BE, PROVIDED
FOR UNDER THIS SUBSECTION, SHALL BE OVERDUE AND
IN ARREARS, AND THEY SHALL BEAR INTEREST AT THE
RATE OF ONE-HALF OF ONE PER CENT (½%) FOR EACH
MONTH OR FRACTION THEREOF UNTIL PAID. MONT-
GOMERY COUNTY OR ANY CITY OR TOWN, MAY PROVIDE
FOR COLLECTION OF A PENALTY FOR FAILURE TO MAKE
PAYMENT ON OR BEFORE JANUARY 1 OR ON OR BEFORE
THIRTY DAYS AFTER THE BILL FOR THE TAXES HAS
BEEN MAILED OR MADE AVAILABLE, WHICHEVER IS THE
LATER DATE; BUT SUCH PENALTY MUST HAVE BEEN
FIXED PRIOR TO OCTOBER 1 BY ENACTMENT OF THE
GOVERNING BODY CONCERNED.

Sec. 2. And be it further enacted, That following June 1, 1963,
and in no event later than June 30, 1966, as the needs may require,
the appropriate authorities of each county, incorporated city or town,
and taxing district in this State shall initiate and complete such
changes and procedures as are necessary to assure conformity with
this Act with respect to the uniform statewide fiscal year, taxable
year, date of finality, date of levy, due date, and date for being in
arrears, all as herein established. In so doing each such political sub-
division is subject to the other pertinent provisions of the Annotated
Code and of its charter or public local laws; but until any required
transition is completed the political subdivision may continue as
necessary or desirable under and according to the provisions of
Article 19 and Article 81 of the Annotated Code of Maryland, and
also of its charter or local laws, as if this Act had not been enacted.