HARRY HUGHES, Governor

797

387.

Before [the fifteenth day of August, 1947, and before]
the twenty-first day of each calendar month [thereafter],
every person purchasing tangible personal property, the use,
storage or consumption of which is subject to the tax
imposed by this subtitle, and who has not paid the tax
imposed by this subtitle to a vendor required or authorized
to collect the same, shall make a return to the Comptroller
covering the preceding calendar month. The Comptroller may
permit or require such returns to be made for other periods
and upon such other dates as he may by regulation specify.
Such returns shall show the value of the tangible personal
property purchased by such person, the use, storage or
consumption of which became subject to the tax imposed by
this subtitle during the period of time covered by the
return.

391.

Where the Comptroller, in his discretion, deems it
necessary to protect the revenues to be obtained under the
provisions of this subtitle, he may require any taxpayer TO
file with him a bond issued by a surety company authorized
to do business in this State and approved by the State
Insurance Commissioner as to solvency and responsibility, in
such amounts as the Comptroller may fix to secure the
payment of any tax or penalties due or which may become due
from such taxpayer. In the event that the Comptroller
determines that a taxpayer is to file such a bond, he shall
give notice to such taxpayer to that effect, specifying the
amount of the bond required. The taxpayer shall file such
bond within [five (5)] 5 days after the giving of such
notice unless within such [five (5)] 5 days the taxpayer
shall request in writing a hearing before the Comptroller,
at which hearing the necessity, propriety and amount of the
bond shall be determined by the Comptroller. Such
determination by the Comptroller shall be final and shall be
complied with within [fifteen (15)] 15 days after the
taxpayer is given notice thereof.

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

Approved May 14, 1979.

CHAPTER 210
(House Bill 301)
AN ACT concerning

Retail Sales and Use Taxes - Exemptions