3088                                             LAWS OF MARYLAND                                         Ch. 607

The Public Local Laws of Baltimore County
Section 11-104

Article 3 - Public Local Laws of Maryland

(1978 Edition and 1982 Supplement, as amended)

BY adding to

The Public Local Laws of Baltimore City
Section 23-2

Article 4 - Public Local Laws of Maryland

(1979 Edition and 1983 Supplement, as amended)

Article 81 - Revenue and Taxes

Section 23

Annotated Code of Maryland

(1980 Replacement Volume and 1983 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 81 - Revenue and Taxes

[23.

For the purpose of the assessment and collection of ordinary
taxes on distilled spirits, it is hereby made the duty of each
distiller, and of every owner or proprietor of a bonded or other
warehouse, in which distilled spirits are stored and of every
person or corporation having custody of such spirits to make
report to the State Department of Assessments and Taxation on or
before the fifteenth day of March in each and every year of all
the distilled spirits on hand as of the first day of January
preceding, and the tax for the ensuing year from the said first
day of January shall be levied and paid on the amount of
distilled spirits so in hand as representing the taxable
distilled spirits for such year, and said spirits shall be valued
and assessed at fair value. The term fair value as used in this
section shall mean cost or market value, whichever is lower,
without any allowance for inflation. Provided, however, that the
same distilled spirits shall not be taxed twice for the same
year.]

[24.

The State Department of Assessments and Taxation upon
receiving said report shall, within thirty days thereafter, due
notice of the time and place having been given by them, grant
unto the said distiller, owner, proprietor or custodian a hearing
on the question as to what value shall be placed on the distilled
spirits so reported, and thereupon, within ten days after such
hearing, the State Department of Assessments and Taxation shall
fix the value of such distilled spirits for the purpose of