1966                                          LAWS OF MARYLAND                                      Ch. 222

FOR the purpose of granting the Department of Assessments and
Taxation and local supervisors of assessments the power to
audit and revise certain personal property assessments under
certain circumstances; and providing for the application and
effective dates of the provisions of this Act.

BY adding to

Article 81 - Revenue and Taxes

Section 34B

Annotated Code of Maryland

(1980 Replacement Volume and 1984 Supplement)

BY repealing and reenacting, with amendments,

Article - Tax - Property
Section 8-419 and 14-1104
Annotated Code of Maryland

(As enacted by Chapter ____ (S.B. 1) of the

Acts of the General Assembly of 1985)

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

Article 81 - Revenue and Taxes

34B.

(A)  (1) THE DEPARTMENT OR SUPERVISOR MAY AUDIT ANY PERSONAL
PROPERTY ASSESSMENT AFTER THE ASSESSMENT IS MADE.

(2)  IF, AS A RESULT OF THE AUDIT, THE DEPARTMENT OR
SUPERVISOR DETERMINES THAT THE ASSESSMENT IS:

(I)  GREATER THAN THE ASSESSMENT PREVIOUSLY
MADE, THE DEPARTMENT OR SUPERVISOR SHALL MAKE AN ASSESSMENT OF
THE DIFFERENCE; OR

(II)  LESS THAN THE ASSESSMENT PREVIOUSLY MADE,
THE DEPARTMENT OR SUPERVISOR SHALL ABATE THE DIFFERENCE.

(3)  IF ACTION IS TAKEN UNDER PARAGRAPH (2) OF THIS
SUBSECTION, THE DEPARTMENT OR SUPERVISOR SHALL MAIL A NOTICE OF
ASSESSMENT TO THE OWNER. THE NOTICE MAY BE APPEALED AS PROVIDED
BY § 29(D) OF THIS ARTICLE.

(B)  ASSESSMENTS OR ABATEMENTS UNDER SUBSECTION (A) OF THIS
SECTION SHALL BE MADE ON OR BEFORE THE LATER OF:

(1) 3 YEARS 1 YEAR AFTER THE REPORT UNDER § 251 OF
THIS ARTICLE WAS FILED; OR