HARRY HUGHES, Governor                                        517

Also in the introductory language of this section, the
defined term "person" is substituted for the former
word "taxpayer", for clarity.

Also in the introductory language of this section, the
former words "real or personal" are deleted as
included in the defined term "property tax".

In item (3) of this     section, the reference to the

payment "of the property  tax" is substituted for the

former reference to the  payment "of such assessment",
for clarity.

Defined terms: "Department" § 1-101
"Person" § 1-101 "Property tax" § 1-101

GENERAL REVISOR'S NOTE:

Former Art. 81, § 214(b), which provided for an exemption
under § 511 of Public Law 84-1020, the Housing Act of 1956 (now
10 Stat. 1091, 1110-11) and the appeal and refund provisions for
that exemption, is transferred to the Session Laws.

Former Art. 81, § 214A, which provided that an appeal
determination was to be applied to all property tax, is
decodified in light of the current, uniform Statewide assessment
procedures.

SUBTITLE 6. INTEREST.

PART I. INTEREST ON PROPERTY TAX.

14-601. INTEREST CHARGED ON TOTAL TAX LIABILITY ON PROPERTY.

INTEREST IS CALCULATED ON AND CHARGED AGAINST THE TOTAL TAX
LIABILITY ON PROPERTY.

REVISOR'S NOTE: This section is new language substituted
for former Art. 81, § 12F-7(e), as that subsection
related to interest, and for the third sentence of §
12F-l(a)(9), as that sentence related to interest.
The substituted language is stated as a general
provision to clarify that interest is charged against
total tax liability on property.

Defined term:. "Total tax liability

on property" § 14-101

14-602. STATE INTEREST RATE FOR PROPERTY TAX.

THE RATE OF INTEREST FOR STATE PROPERTY TAX IS 1% FOR EACH
MONTH OR FRACTION OF A MONTH THAT STATE PROPERTY TAX IS OVERDUE.

REVISOR'S NOTE: This section is new language that in part
is derived without substantive change from former Art.