4828

LAWS OF MARYLAND

Ch. 902

Baltimore City - Taxes - Discounts, Penalties, and Interest

FOR the purpose of providing that the Mayor and City Council
of Baltimore may by ordinance allow discounts for
payments of certain taxes prior to a certain date, and
impose penalties and interest on certain taxes after
certain dates; altering the dates in relation to which
discounts may be allowed and penalties may be imposed
by the Mayor and City Council of Baltimore for the
payment of certain taxes; and providing that the rate
of interest on certain overdue taxes shall be
established by ordinance of the Mayor and City Council
of Baltimore.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 48(e)

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

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

Article 81 - Revenue and Taxes

48.

(e) Ordinary city taxes in Baltimore City which are
due and payable on the first day of July, 1966 shall be
overdue and in arrears on the first day of January 1967;
those due and payable on the first day of July, 1967, shall
be overdue and in arrears on the first day of December,
1967; those due and payable on the first day of July, 1968,
shall be overdue and in arrears on the first day of
November, 1968; and those due and payable on the first day
of July for any year subsequent to 1968 shall be overdue and
in arrears on the first day of October of the same calendar
year, [and from and after these due dates, they bear
interest at the rate of two thirds of one per centum for
each month and fraction thereof until paid,] and the mayor
and city council of Baltimore by ordinance may allow such
discounts for payments made prior to said [due] OVERDUE
dates, and may impose and collect after these dates
penalties AND INTEREST for failure to make payment by and
after these dates, as prior to said first day of July may
have been fixed by ordinance of the mayor and city council
of Baltimore.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1982.