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LAWS OF MARYLAND

Ch. 532

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be repealed, amended, or enacted to read as follows: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

407.

(A)    Any person, firm or corporation subject to the
taxes imposed by this subtitle failing to make a return or
to pay the taxes within the time prescribed by law or by
regulation is liable for a penalty [of ten] IN THE FOLLOWING

AMOUNTS:

(1)    A PENALTY OF 10 percent of the amount of
the taxes due[. All taxes due and unpaid on the date of
payment shall bear] AND interest at the rate of three
quarters of one percent per month, or fraction thereof,
until the date of payment; OR

(2)    IF THE FAILURE TO FILE THE RETURN IS DUE TO
ANY ATTEMPT TO DEFRAUD, A PENALTY OF 100 PERCENT OF THE
AMOUNT OF TAXES DUE AND INTEREST AT THE RATE OF 1 PERCENT
PEE MONTH, OR FRACTION THEREOF, UNTIL THE DATE OF PAYMENT.

(B)    IF, WITHIN 10 30 DAYS AFTER A TAXPAYER RECEIVES
FROM THE COMPTROLLER A NOTICE OF DELINQUENCY, THE TAXPAYER
FAILS TO FILE A PROPER RETURN AND PAY THE TAX AND ANY
PENALTY DUE, THE TAXPAYER SHALL BE ASSESSED AN ADDITIONAL
PENALTY OF 25 PERCENT OF THE AMOUNT OF TAX DUE.

(C)    For good cause shown, the Comptroller may waive
the imposition of the penalty and interest provided for in
this section.

(D)    Unless waived by the Comptroller, the amount of
the penalty and interest shall be collected and distributed
as part of the taxes themselves.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 29, 1979.

CHAPTER 533
(House Bill 293)
AN ACT concerning

Admissions and Amusement Tax — Excess Assessments