HARRY HUGHES, Governor

497

81, § 251 and in part substituted for former Art. 81,
§ 43.

This section is revised to combine the current
procedure and effect of an assessment by the
Department and by a supervisor if the required reports
are not submitted. Therefore, former Art. 81, § 43 is
obsolete.

In subsection (a) of this section, the term "personal
property" is substituted for the former word
"property" to identify the type of property being
valued and assessed.

Also in subsection (a) of this section, the reference
to "any" information is substituted for the former
reference to "best" information, for clarity.

Also in subsection (a) of this section, the reference
to the reports "required in § 11-101 or § 11-102 of
this article" is substituted for the former references
to a report filed "within the time hereinabove
provided", for clarity.

In the introductory language of subsection (b) of this
section, the reference to "does not excuse the person
whose property is assessed from liability" is
substituted for the former references to "no such
action ... shall relieve such person" and "exonerate
him or its officers", for clarity.

In subsection (b)(1) of this section, the phrase
"property tax or other tax" is substituted for the
former phrase "any tax", for clarity.

Also in subsection (b)(1) of this section, the former
language "which he or it ought to have paid", which
modified "tax", is deleted as superfluous.

Defined terms: "Assess" § 1-101
"Assessment" § 1-101 "Department" § 1-101
"Law" § 1-101 "Person" § 1-101
"Property" § 1-101 "Property tax" § 1-101
"Supervisor" § 1-101 "Value" § 1-101

14-402. INACCURATELY REPORTED PERSONAL PROPERTY.

IF PERSONAL PROPERTY IS ASSESSED AT LESS THAN ITS VALUE AS A
RESULT OF THE OWNER INACCURATELY REPORTING THE VALUE OF THE
PROPERTY, THE UNDERASSESSED PART OF THE PROPERTY SHALL BE TREATED
AS ESCAPED PROPERTY UNDER § 8-417 OF THIS ARTICLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
34A(a), as that subsection related to inaccurately