Marvin Mandel, Governor                        1871

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 15(d), 232(14), 312(h)(4), 312(n)(2), 325(f), and
326(q) of Article 81 of the Annotated Code of Maryland (1969
Supplement), REPLACEMENT VOLUME), title "Revenue and
Taxes," subtitles "Method of Assessment," "State Department of
Assessments and Taxation," "Income Tax," and "Retail Sales Tax
Act," be and the same are hereby repealed and re-enacted, with
amendments, to read as follows:

15.

(d) For the purpose of county taxation in Allegany, Baltimore,
Caroline, Cecil, [Charles,] Dorchester, Frederick, Garrett, Harford,
Kent, Queen Anne's, Somerset, Talbot, Wicomico and Worcester
counties, such stock in business shall be assessed at sixty per centum
(60%) of such fair average value for the twelve months preceding
the date of finality. For the purpose of county taxation in Anne
Arundel County, for the taxable year beginning July 1, 1970, stock
in business shall be assessed at twenty-five per centum (25%) of
such fair average value for the twelve months preceding the date of
finality; for the taxable year beginning July 1, 1971, such stock
shall be entirely exempt from valuation, assessment, and taxation
under the provisions of this section.

232.

(14) To provide for annual surveys of assessment ratios in the
23 counties and Baltimore City beginning January 1, 1970. The
Director shall prescribe the manner in which each survey is to be
conducted. He shall appoint a full-time staff of competent and ex-
perienced assessors who shall hold their positions during good
behavior, subject only to removal by the Department after a hearing
for incompetency or other cause. The number of personnel for and
the expenses [instant] incident to the survey, including travel, lodg-
ing, and meals, shall be as provided in the Department's annual
budget.

312.

(h) (4) Any employer who negligently shall fail either to withhold
the required tax or to pay it to the Comptroller as specified, or
both, shall be held personally and individually liable for all monies
so involved, and if the employer is a corporate entity, the personal
liability shall extend and be applicable to any officer or [agency]
agent of the corporation, who as such officer or agent is under a
duty to withhold the tax and transmit the same to the Comptroller
as required hereunder; and any sum or sums withheld in accordance
with the provisions of this section shall be deemed to be held by
the employer in trust for the State of Maryland and by such em-
ployer recorded in a ledger account so as clearly to indicate the
amount of tax withheld and that such amount is the property of
the State of Maryland.

312.

(n)(2) The declaration of estimated tax required under [sub-
section] sub-subsection (1) shall be filed on or before the first day of
the sixth month following the beginning of the taxable year, at
which time not less than fifty (50) percent of the tax so estimated
is due and payable.