224                                LAWS OF MARYLAND                                      Ch. 8

THE SUPERVISOR SHALL NOTIFY EACH OWNER OF INCOME PRODUCING
REAL PROPERTY TO SUBMIT, UNDER OATH, ON OR BEFORE JULY 15 OF EACH
YEAR, A CURRENT:

(1)  INCOME AND EXPENSE STATEMENT FOR THE REAL
PROPERTY, ON THE FORM THAT THE DEPARTMENT REQUIRES; OR

(2)  ANNUAL INCOME AND EXPENSE STATEMENT IN ANOTHER
FORM THAT IS ACCEPTABLE TO THE DEPARTMENT.

(C) DETERMINING EXPENSES AND DEPRECIATION.

THE SUPERVISOR IS NOT REQUIRED TO ACCEPT THE EXPENSES OR
DEPRECIATION CLAIMED BY THE OWNER AND MAY USE OTHER METHODS TO
DETERMINE THESE AMOUNTS.

REVISOR'S NOTE: This section is new language derived
without; substantive change from the first through
fourth sentences of former Art. 81, § 14(e).

In this section, the defined term "supervisor" is
substituted for the former phrase "assessing
authorities]", for clarity.

In subsection (a) of this section, the phrase "land
that is actively devoted to farm or agricultural use"
is substituted for the former phrase "agricultural use
property", for clarity.

In subsections (b) and (c) of this section, the word
"owner" is substituted for the word "taxpayer[s]", to
clarify who is notified and who is the claimant,
respectively.

In the introductory language of subsection (b) of this
section, the words "under oath" are substituted for
the former phrases "under the penalty of perjury" and
"when it is verified as to accuracy and completeness
by the taxpayer under penalty of perjury" in light of
the explanation in § 1-201 of this article.

The fifth sentence of former Art. 81, § 14(e), which
foreclosed the owner from appealing a supervisor's
decision if the owner did not file the required
information statements and which foreclosed certain
challenges to an assessment, now appears as § 14-508
of this article.

Defined terms: "Department" § 1-101

"Real property" § 1-101 "Supervisor" § 1-101

"Value" § 1-101

8-106. VALUATION OF PERSONAL PROPERTY.

(A) VALUE OF PERSONAL PROPERTY.

I