996

LAWS OF MARYLAND

Ch. 372

CHAPTER 372

(House Bill 320)

AN ACT concerning

Gross Receipts Tax - Interest

FOR the purpose of increasing the interest rate assessed
on delinquent Maryland gross receipts taxes; and
correcting certain language.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 133

Annotated Code of Maryland

(1975 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 133 of Article 81 - Revenue and
Taxes, of the Annotated Code of Maryland (1975
Replacement Volume and 1975 Supplement) be and it is
hereby repealed and reenacted, with amendments, to read
as follows:

Article 81 — Revenue and Taxes

133.

It [shall be] IS the duty of the Comptroller of the
treasury to receive such accounts of State taxes [so]
transmitted to him by the State Department of Assessments
and Taxation and [forthwith] to proceed to notify each
[such] taxpayer of the amount of [such] State tax by
transmitting by mail to the president, treasurer or other
proper officer of [such] THE taxpayer, an account of such
State taxes. The tax [shall be] IS payable without
interest at any time on or before August first of such
year, provided the account is mailed on or before July
first; and if the account [shall not be] IS NOT mailed
until after July first, the same shall be payable without
interest at any time within [thirty] 30 days after the
mailing of the account. All gross receipts taxes not
paid on or before August first, or within [thirty] 30
days after the mailing of the account, as above provided,
shall thereafter bear interest at the rate of [one half
of one per cent.] 3/4 OF 1 PERCENT for each month or
fraction of a month; and if [such tax be not] THE TAX
paid before the first day of December following a penalty
of five [ per cent.] PERCENT on the amount thereof
shall be added; provided, however, that in the calendar
year 1955 and each year thereafter the Comptroller shall