HARRY HUGHES, Governor

2535

Article 81 - Revenue and Taxes

Section 48(s)

Annotated Code of Maryland

(1980 Replacement Volume and 1984 Supplement)

BY repealing and reenacting, with amendments,

Article - Tax - Property

Section 14-603

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

48.

(a) (1) Except in Baltimore City as to city taxes for which
provision is made by subsection (e) of this section, all ordinary
State, county, incorporated city or town, and taxing district
taxes, are due and payable without interest as of the first day
of July in each taxable year.

(2)  These taxes are overdue and in arrears on the
first day of the succeeding October. After October 1 these taxes
shall bear interest at the rate of 2/3 of 1 percent for each
month or fraction of a month until paid.

(3)  Effective with the tax year beginning July 1,
1984 and thereafter, the State portion of any property taxes
which are overdue and in arrears shall bear interest at the rate
of 1 percent for each month or fraction of a month until paid.

(S) TAXES OVERDUE, IN ARREARS, AND PAYABLE TO DORCHESTER
COUNTY SHALL BEAR INTEREST AT THE RATE FIXED BY THE COUNTY
COMMISSIONERS.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Tax - Property

14-603.

(a) Except as provided in subsection (b) of this section
and for estimated personal property tax in § 14-604 of this
subtitle, the rate of interest for full year county or municipal
corporation property tax or taxing district property tax is
two-thirds of 1% for each month or fraction of a month that the