736                                   LAWS OF MARYLAND                         [CH. 526

tangible personal property or said stock in business files with the
supervisor of assessments, the Director of the Department of
Assessments (in Baltimore City), or the Director of the State De-
partment of Assessments and Taxation, as the case may be, within
twenty (20) days from the date of such transfer, a report of said
transfer, setting forth, under oath, an itemized description of the
property involved, the date and manner of the transfer thereof, the
new owner or owners of said property and the address or addresses
of said new owner or owners, the consideration, and such other and
further information as the Director of the State Department of
Assessments and Taxation, by rule, regulation, or directive, may
reasonably require. Any tangible personal property or stock in busi-
ness with respect to which any assessment for any taxable year has
been abated pursuant to the provisions of this sub-section may be
treated as escaped property, within the meaning of Section 34 of
this article, for that taxable year for which said abatement has been
made, and as such may be assessed to the said new owner or owners
thereof, regardless of whether or not said new owner or owners also
transfer said tangible personal property or stock in business prior
to the said semi-annual date of finality next following said transfer;
provided, however, that nothing in this sentence shall apply to any
tangible personal property or stock in business removed from the
State prior to the said semi-annual date of finality. IN THE CASE
OF A TRANSFER OF PERSONAL PROPERTY WHERE THE
OWNER OF THE PROPERTY HAS PAID TAXES UPON IT
UNDER THIS SUB-SECTION, THE TRANSFEROR IS EN-
TITLED TO REQUIRE THE TRANSFEREE TO ADJUST THE
AMOUNT OF TAXES SO PAID BETWEEN THEM.

(d) As used in this section:

(1)  "Property"', "real property", "tangible personal property",
and "stock in business" shall include, but shall not be limited to, any
assessable interest in property, real property, tangible personal
property, or stock in business pursuant to Section 8 (8) of this
article.

(2)  "Owner" shall mean any person or persons who, as of the
date of finality, are chargeable for ordinary taxes upon any assess-
ment upon any property or any interest in any property.

(8) "Transfer" shall mean any disposition of property, including
the removal of same from the State, whereby any owner thereof, had
such disposition occurred before the date of finality, would not have
been chargeable for ordinary taxes upon any assessment upon said
property for the taxable year next following said date of finality.

9A.

Whenever any property becomes wholly exempt from assessment
and taxation, under any provision of this Code, between the date of
finality and the semi-annual date of finality next following, any
assessment placed upon said property and any taxes levied upon
said assessment, for the taxable year next following the date upon
which said property becomes exempt, shall be abated; provided,
however, that the owner of said property shall file an application
for said abatement with the supervisor of assessments, the Director
of the Department of Assessments (in Baltimore City), or the