HARRY HUGHES, Governor

1013

CHAPTER 324

(House Bill 303)

AN ACT concerning

Revenue and Taxes - Corrective

FOR the purpose of deleting, from the revenue and tax
provisions, obsolete references to the department of
assessments of Baltimore City.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 4A(c), 9D(b) and (c), 9E, 29(c), 38, 39, 40,

42, 43, 44, 46 and 47
Annotated Code of Maryland
(1975 Replacement Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 81 - Revenue and Taxes

4A.

(c) Whenever any owner of tangible personal property
or stock in business made taxable by § 8(2) and (6) of this
article transfers all of said tangible personal property or
said stock in business of which he is the owner as of the
date of finality, between that date of finality and the
semiannual date of finality next following, the owner or
owners of said tangible personal property or said stock in
business shall not be chargeable for any taxes levied or to
be levied upon any assessment upon said tangible personal
property or said stock in business for the taxable year next
following such transfer and any assessment placed upon said
tangible personal property or said stock in business, and
any taxes levied upon said assessment, for the said taxable
year next following, shall be abated; provided, however,
that the transferor so transferring said tangible personal
property or said stock in business or the transferee
thereof, files with the supervisor of assessments[, the
director of the department of assessments (in Baltimore
City),] or the Director of the State Department 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,