794                               Laws of Maryland                      [Ch. 238

[199.

As soon as practicable after the annual franchise tax report re-
quired to be filed by Section 198 is received the State Department
of Assessments and Taxation shall examine and audit it. If the
amount of franchise tax computed by the State Department of
Assessments and Taxation shall be greater than the amount shown
on the report, the excess shall be assessed by the State Department
of Assessments and Taxation and a notice of such assessment shall
be mailed to the corporation filing the report, at the address shown
on the report. Such assessment shall be made within three years
from the date the report was due, except in the case of failure
to file a report or of a fraudulent report, in which case the excess
may be assessed at any time. Any corporation dissatisfied with
any such assessment may appeal to the courts of this State, as pro-
vided in this article.]

[200.

If any domestic corporation required to file an annual franchise
tax report should fail to do so on or before the date fixed for the
filing of such report, the State Department of Assessments and
Taxation is authorized to make an estimate of the capital of such
corporation, as defined in Section 197 (c), and of the amount of
the annual franchise tax due, from any information in its posses-
sion and to assess the annual franchise tax at not more than twice
the amount estimated to be due. Notice of such assessment shall
be mailed to such corporation addressed to its mailing address, if
it has a mailing address on file with the State Department of
Assessments and Taxation, or, if it has not a mailing address on
file with the State Department of Assessments and Taxation, ad-
dressed to it at any other address for such corporation as may
appear upon the records of the State Department of Assessments
and Taxation. In the event the annual franchise tax report shall not
be filed within fifteen days after the mailing of such notice of assess-
ment, the said assessment shall become final and the amount of
the franchise tax due thereon, including penalties and interest, shall
be collected as other State taxes are collected.]

[201.

All monies received by the State Department of Assessments and
Taxation in payment of annual franchise taxes or interest or
penalties thereon shall be forthwith paid over to the Treasurer, and
the State Department of Assessments and Taxation shall account
monthly to the Comptroller for the same. One half of the said
franchise taxes, together with the interest and penalty, if any,
shall be held by the Treasurer for the use of the State, and the
other half shall be paid by him to the county or City of Baltimore
where the principal office of said corporation shall be situated, but
if such principal office be situated in a city, other than the City
of Baltimore, said last mentioned one half shall be equally divided
between such city and the county in which the same is situated;
provided, however, that no such payment or distribution shall be
made to any county or city or to the City of Baltimore unless it
shall have levied, in its current fiscal year, taxes sufficient to collect
a minimum of one dollar per capita in revenue and unless it shall
have certified a copy of said levy to the State Comptroller; and