HARRY HUGHES, Governor                                        599

IMPOSED OR COLLECTED.

REVISOR'S NOTE: This section is new language that repeats
the provisions of present Art. 81, § 203.

The reference to a tax being "imposed" is substituted
for the present references to a tax being "assessed",
for clarity and to avoid confusion with the defined
term "assess".

The reference to "on or before 7 years" is substituted
for the present reference to "within the period of
limitations prescribed by law", for clarity.

14-1103. LIMITATION -- PERIOD OF PROPERTY TAX ASSESSMENT.

(A)  IN GENERAL.

EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (B) OF THIS
SECTION, PROPERTY TAX SHALL BE ASSESSED FOR THE TAXABLE PERIOD
SPECIFIED IN TITLE 8 OF THIS ARTICLE.

(B)  EXCEPTION -- ESCAPED PROPERTY.

ESCAPED PROPERTY SHALL BE ASSESSED UNDER § 14-402 OF THIS
TITLE AT THE TIME THE PROPERTY IS LOCATED AND FOR THE 3 PRECEDING
TAXABLE YEARS.

REVISOR'S NOTE: Subsection (a) of this section is new
language added to state the period of an assessment.

Subsection (b) of this section is new language derived
without substantive change from the first sentence of
former Art. 81, § 34, as that sentence related to the
time for assessment.

Defined terms: "Assess" § 1-101
"Property" § 1-101 "Property tax" § 1-101
"Taxable year" § 1-101

REVISOR'S NOTE TO SUBTITLE: The time limitations for
submitting refund claims in former Art. 81, § 39A(b),
as to personal property, and § 49A, as to advance
payment of tax on personal property, now appear as §
14-915(4) and (5), respectively, of this title.

The time limitation for submitting refund claims in
former Art. 81, §§ 213 and 214(a), as to State,
county, and municipal corporation property tax, now
appears in § 14-915(1) of this title.

The time limitations for submitting refund claims in
present Art. 81, §§ 215 and 216, as to recordation and
transfer taxes, now appear as § 14-915(2) and (3) of
this title.